United States President-elect Donald Trump on Saturday required that BRICS member countries dedicate to not developing a brand-new currency or supporting another currency that would change the United States dollar or face 100% tariffs, Reuters reported.&& We need a dedication from these Countries that they will neither develop a new BRICS Currency, nor back any other Currency to change the magnificent United States Dollar or, they will deal with 100% Tariffs, and must anticipate to say goodbye to offering into the wonderful United States Economy,& & Trump composed on his social networks platform, Truth Social.&& They can go discover another ‘ sucker & .
There is no opportunity that the BRICS will replace the United States Dollar in International Trade, and any Country that tries must wave farewell to America.&& The BRICS nations-- which now & consist of Egypt, Iran, and UAE as well &-- discussed improving non-dollar transactions and strengthening regional currencies at a top held in Russia&& 's Kazan in October, checked out the report.A joint declaration for the && strengthening of correspondent banking networks within BRICS and enabling settlements in local currencies in line with BRICS Cross-Border Payments Initiative& & was secured at the summit in October.However, Russia&& 's President Vladimir Putin suggested at the top&& 's end that no alternatives have been made so far to compete with the Belgium-based SWIFT financial messaging system.