Stop using the US dollar – Bolivian president

Countries around the globe should give up on the US dollar and rely on national currencies in trading with each other, Bolivian President Luis Arce told RT on the sidelines of the 17th BRICS summit in Rio de Janeiro.

The BRICS members have intensified efforts to reduce their reliance on third-party currencies in bilateral trade after the West froze Moscow’s assets, mostly held in dollars and euros, as part of sanctions following the escalation of the Ukraine conflict in February 2022.