🇧🇷 Brazil has decided not to pursue a common currency for the BRICS nations during its presidency this year! Instead, the focus will shift to facilitating trade in local currencies. 💱✨ This decision comes amid warnings from U.S. President Donald Trump about challenging the dominance of the U.S. dollar. The BRICS bloc, led by Brazilian President Lula da Silva, is advocating for reduced dependence on the dollar, but plans for a shared currency remain just political rhetoric. Instead, the bloc will work on reforms to ease international payments in member countries' currencies, aiming to reduce vulnerabilities tied to dollar dominance. They're also exploring blockchain technology to cut transaction costs and exposure to unilateral sanctions! What do you think about this shift in strategy? Will it impact the global economy? Let's discuss!