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[tarik]

India Rejecting BRICS Currency, Aims To Promote US Dollar
Vinod Dsouza
Vinod Dsouza
January 3, 2025
India brics Modi Rupee INR flags G20
Source: Twitter / MEAgov
BRICS member India remains skeptical of a common BRICS currency citing risks of alienating global trade ties with the US. Leading import and export businesses in India and those stationed in the US want to keep the US dollar intact. Indian businesses are now cautious in embracing a common currency as it risks disrupting the normal flow of commerce.


Also Read: 23 Countries Show Interest To Join BRICS in 2025

The evolving framework of the BRICS alliance is moving towards the formation of a new common currency for trade. It challenges the global economic system but the push towards a common currency is usually made by China and Russia. Indian businesses are concerned that a common BRICS currency gives power to China and make its economy influential.


Also Read: BRICS: 2 Countries Settle $37 Billion Trade in Local Currencies


BRICS: India Disinterested in Common Currency, Wants the US Dollar
us dollar usd currency notes bills brics
Source: Freepik.com
Businesses in India need the US dollar to survive as the currency provides security during economic turbulence. A BRICS currency will only benefit China and Russia as both countries are using the bloc as a stepping stone to further their global dominance agenda. Russia is reeling under sanctions while China is competing with the US dollar at the global level.

Also Read: BRICS: De-Dollarization Will Continue Faster Under Trump’s Watch

On the other hand, India needs the dollar as it has close ties with the US through the IT, banking, and trade sectors. Its robust GDP needs the backing of the US dollar as the Indian rupee is falling to new lows. A new BRICS common currency could dent India’s prospects of becoming the third-largest economy in the world.

India’s Foreign Minister S. Jaishankar has repeatedly said that the country is not against the US dollar. He made it clear that India will work closely with the US and not dent the prospects of the dollar. Therefore, India might oppose the formation of a new BRICS common currency as the idea does not suit its economic agenda.


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[Dama]

Expected. Hindu ethnic nationalism of Modi the PM of India, nurtured and supported by US would be signing its own suicide note otherwise.

[Digital Weyane]

ኡናት አገራችን ትግራይ በብሪክስ የቀረበላትን የአባልነት ምዝገባ ጥሪ ውድቅ ያደረገችው ዋናው ምክንያት የአሜሪካ ዶላር የመግዛት አቅሙ እንዳይዳከም ከሚል ስጋት የመነጨ መሆኑን የህውሓቱ የገንዘብ ሚኒስቴር አይተ Meleket ገለፁ። አያይዘውም <<ዶላር ሆይ ብረሳሽ ቀኜ ትርሳኝ!>> በማለት ከዶላር ጎን እንደሚቆሙ እና አጋርነታቸው የፀና መሆኑን አሳውቀዋል።

[Meleket]

"ይህ በእንዲህ እንዳለ ጠቅላይ ሚኒስትራችን፡ ያምበራመጠቓው አይተ Digital Weyane፡ "አለማቀፋዊ ተሰሚነታቸውንና ተጽዕኖ ፈጣሪነታቸውን በመጠቀም" የቀይ ባሕርን ቀጠና በብሪክስ ቁጥጥር ስር ለማስገባት በሚደረግ ጥረት ሁሉ ካካባቢው 'የዲሞክራሲ' ሃይሎች ጋር በመተባበር ለቀጠናው ዘላቂ ሰላም ማንኛውንም የበኩላቸውን አስተዋጽኦ እንደሚያደርጉ ለራሻው ወፈፌ ኣበክረው ማስገንዘባቸውም ታስ የተሰኘው ከዩክሬን ድሮን ለጥቂት ያመለጠው የዜና ተቋም ኣስታውቋል።" ብለን ብንሳለቅብህ ቅር ኣይበልህ!

ለዝርዝሩ viewtopic.php?f=2&t=308857&

ኡናት አገራችን ትግራይ በብሪክስ የቀረበላትን የአባልነት ምዝገባ ጥሪ ውድቅ ያደረገችው ዋናው ምክንያት የአሜሪካ ዶላር የመግዛት አቅሙ እንዳይዳከም ከሚል ስጋት የመነጨ መሆኑን የህውሓቱ የገንዘብ ሚኒስቴር አይተ Meleket ገለፁ። አያይዘውም <<ዶላር ሆይ ብረሳሽ ቀኜ ትርሳኝ!>> በማለት ከዶላር ጎን እንደሚቆሙ እና አጋርነታቸው የፀና መሆኑን አሳውቀዋል።