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BRICS shock: India stops plans for new currency!
India rejects BRICS currency, remains loyal to US dollar. Jaishankar's statement during the summit in Russia.
BRICS shock: India stops plans for new currency!
At the heart of the power games surrounding world currencies, India is taking a stand for the US dollar! While a new currency is being pushed onto the stage at the recent BRICS summit in Russia, India is surprisingly backing down. Foreign Minister S. Jaishankar beats the drums: no desire for de-dollarization! “Nothing, we’ll stick with the dollar!” he declares in a firm voice, underlining the close friendship between Modi and Trump. Yes, exactly the same Trump who recently took back the White House and threatened 100% tariffs. A real bang on the global stage! How out according to a report on watcher.guru, India is not committing to a new BRICS thaler. Because the US dollar is and will remain in play.
The message from the Indian foreign minister is clear: friendship before new financial plans. While others dream of “BRICS money”, India is staying out of it. The US market is too important for India to drag down the dollar pound. At the time of Trump 1.0, cooperation was already strong, Jaishankar recalled - and that's exactly what India wants to build on now. The old Trump glory days probably still play a role! There are also no signs that BRICS money is coming soon. The discussions about financial transactions in the BRICS circle do not affect the love of the dollar. You can find the background to this development in more detail in the article at watcher.guru.