Goodbye dollar? BRICS set to enhance trade in national currencies
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“Both India and Russia are of the view that transactions in national currencies would be mutually beneficial for our national economic cooperation. Our two Central Banks are working on modalities and are expected to make concrete recommendations to our governments shortly.”
- India’s ambassador to Moscow P.S. Raghavan to RIA Novosti news agency. February 18, 2014.
“This will be mutually beneficial for the two countries, especially in view of the start of deliveries of liquefied natural gas from Russia to India from 2017,” he said.
Article: BRICS, Shanghai Cooperation Organization, Eurasian Economic Union to cooperate for people’s welfare. July 10, 2015