Putin calls on BRICS states to increase settlements in national currencies

MOSCOW, August 23 (Sputnik) – BRICS countries should increase the settlements in national currencies, as well as the cooperation between banks, Russian President Vladimir Putin said on Wednesday.

“We will contribute to the further comprehensive implementation of the BRICS economic partnership strategy until 2025 and the development of new long-term guidelines. Among them, we see a need in increasing the role of our states in the international monetary and financial system, the development of interbank cooperation, the expansion of the use of national currencies and the deepening of cooperation between tax, customs, and antimonopoly authorities,” Putin said at a plenary session at the BRICS summit in South Africa.