BRICS have no interest in weakening USD, Indian foreign minister says

December 8, 2024

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FILE PHOTO: Indian External Affairs Minister Subrahmanyam Jaishankar speaks during the Mediterranean Dialogues conference in Rome, Italy, November 25, 2024. REUTERS/Guglielmo Mangiapane/File Photo

DOHA (Reuters) Dec. 7 – BRICS countries have no interest in weakening the U.S. dollar at all, India’s foreign minister Subrahmanyam Jaishankar said at an event in Qatar’s capital Doha on Saturday.

His remarks came a week after U.S. President-elect Donald Trump had demanded that BRICS member countries, which include major emerging economies like India, Russia and China, commit to not creating a new currency or supporting another currency that would replace the dollar or face 100% tariffs.