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The Economic Times
The Economic Times
National

BRICS chief backs de-dollarisation, says local currencies are the way forward

New Delhi: Chairman of BRICS Chamber of Commerce and Industry Sameep Shastri on Wednesday backed the push for de-dollarisation, saying that the shift towards local currencies and digital transactions was necessary for a multipolar economic system where developing nations have a greater voice.

On the de-dollarisation debate, Shastri said the process had already begun and argued that businesses face multiple costs while conducting international trade through the US dollar.

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