New Delhi: BRICS nations are taking a measured approach towards de-dollarisation, focusing on cross-border payment systems and greater use of local currencies rather than pursuing a common BRICS currency.A joint statement following the meeting of BRICS finance ministers and central bank governors made no reference to replacing the US dollar or creating a shared currency. Speaking at the Forum, Iran’s president Masoud Pezeshkian said BRICS should develop a more resilient network of trade, investment and financing and expand the use of national currencies Key points and original sources are listed below.

• New Delhi: BRICS nations are taking a measured approach towards de-dollarisation, focusing on cross-border payment systems and greater use of local currencies rather than pursuing a common BRICS currency.A joint statement following the meeting of BRICS finance...S1

• Speaking at the Forum, Iran’s president Masoud Pezeshkian said BRICS should develop a more resilient network of trade, investment and financing and expand the use of national currenciesS2