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BRICS leaders call for local currencies as bloc accounts for 27% of world output

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  • BRICS leaders endorsed local currencies for trade within the bloc.
  • BRICS represented 27% of world output, 24% of merchandise exports and 22% of investment inflows in 2024.
  • BRICS cited geopolitical tensions, sanctions, U.S. tariffs and currency devaluation behind its dollar reliance concerns.
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BRICS leaders call for local currencies as bloc accounts for 27% of world output - CoinPost Terminal