Post by Global News on
BRICS: UAE Ditches U.S. Dollar for Oil Trade The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic partnerships by renewing payment methods for oil trade deals. The UAE is approaching China, Russia, India, and Egypt, among other nations to pay local currencies for oil settlement and sideline the U.S. dollar. Read here to know how many sectors in the U.S. will be affected if BRICS stops using the dollar. Article and Image Source: https://watcher.guru/news/brics-uae-ditches-u-s-dollar-for-oil-trade#:~:text=The%20United%20Arab%20Emirates%20(UAE,methods%20for%20oil%20trade%20deals Image Source: Reuters / AFP Watch full exclusive video now: https://www.infynit.tv/product/usd-change-is-coming-news-update-new-year-2024/ Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an … Read more