95 percent of the trade of the three BRICS members discards the US dollar

 The three countries, which together with Brazil and South Africa are the founders of the BRICS community, have abandoned the use of the US dollar in 95 percent of their commercial transactions in what is a sign of increasing efforts to reduce the use of the dollar currency of the three main members. of the group of emerging economies in the world (BRICS). A report published yesterday on Wednesday quoted the Secretary General of the International Chamber of Commerce (ICC), Tatiana Mohaghan, saying that the commercial relations of Russia, China and India have changed significantly and are moving towards using local currencies. Since last year, BRICS members have given priority to plans to remove the dollar currency in their commercial transactions and instead the group has increased the use of local currencies in their businesses. BRICS is the name of the group led by the world's emerging economies that was formed by combining the first letters of the English names of Brazil, Russia, India, China and South Africa during the height of US unilateralist policies in the mid-1990s. 90. Iran was accepted as an official member of the BRICS group at the group's summit held last year in Johannesburg, South Africa. The six countries of Iran, Argentina, Saudi Arabia, Egypt, the United Arab Emirates and Ethiopia officially joined BRICS at the beginning of this year. Analysts say that BRICS can be a serious competitor of the G7 group which includes the United States, Canada, France, Germany, Italy, Japan and the United Kingdom. After 6 new countries joined the BRICS group, Russian news agencies wrote in a statistical analysis that the total GDP of the developed BRICS will be approximately 65 trillion dollars in terms of purchasing power parity. In that order, the share of this group in the National GDP will increase from the current 31.5% to 37%. At the same time, the share of economically developed countries (G7) is currently around 29.9%.