Under Trump’s shadow, Brics takes step towards de-dollarisation
New Delhi Declaration pushes for cheaper and faster payments system and takes aim at sanctions and unilateral tariffs
After a closed session, Indian Prime Minister Narendra Modi emerged to say that no member had “objected” to the text.
The 45-page declaration said the group’s Payment Task Force had studied “cross-border interoperability of payment and messaging channels” and held talks on using local currencies for “trade settlements and investments”.
The task force was told to keep working on payments that were “fast, low cost, more accessible, efficient, transparent and safe”.
