New York: There is talk that BRICS currency will end the dominance of the dollar.

If BRICS currency is created, India will play a key role in it.

In this context, the United States has started raising its concerns about this issue.

This is a positive sign for India! As long as India is not bothered with taxes, America has no problem.

Two days ago, White House Commerce Secretary Howard Lutnick issued a statement. “Buying weapons from Russia and being part of the BRICS group of countries that create a currency in place of the US dollar are obstacles to trade between India and the US. Doing so will not create goodwill towards India.”

Trade between the two countries should be fair. “We want to build a strong alliance with India” was his message.

Dollar dominance:

This issue has made India realize two truths. One, the US can be subdued through the BRICS currency. Secondly, America did not hesitate to impose additional tariffs on India under the guise of fair trade.

Let’s decode the first thing. Why does the dollar dominate the world? This is because America controls countries with natural resources. Take the Arab countries for example. Except for Iran and Iraq, most Arab countries are under American control. It is from here that petrol is exported all over the world.

To buy anything, you have to pay money. But if you want to buy abroad? Should they pay the country’s money?

Saudi Arabia – Riyal
United Arab Emirates – Dirham
Problem for India:

The largest amount of petrol is exported from these two countries. But gasoline is not sold in the currencies of these countries (Riyal, Dirham). Instead, it is sold in US dollars. So countries that want to buy petrol have to buy dollars first. For India, 1 US dollar is equal to Rs.87.22 today. That means you will get Rs. You can buy just one dollar for 87.22. This is a story that will make you turn your head and touch your nose.

The situation of all countries is the same. So the BRICS countries (Brazil, Russia, India, China, South Africa) are considering an alternative currency to the dollar. Russia is working hard on this. It has started trading in its own currency initially.

The dollar that controls world trade:

That is, our country is buying in rupees and selling petrol. So we also have good profits. It is easier to buy goods with our rupees than buying petrol with dollars.

What if this business takes a step further and the BRICS countries create their own currency? The idea arises. Do you want natural resources? Russia and Brazil are ready to sell it. Do you need petrol? Russia is ready. Do you need technological products? China is ready, once Chinese products were viewed negatively. But now this has changed.

BRIX currency:

Similarly, do you want food products and agricultural products? India is ready to supply the Killi model. So all the resources are in the BRICS countries. Therefore, it is said that if a common currency is created for the BRICS countries, the dollar can be eliminated. If that happens, the prices of petrol and diesel in India will gradually come down. Then everything will start to come down in price.

Now let’s decode the second thing. India has imposed high tariffs on American goods. The reason is that America and India are not countries with economies of equal size. So if there is any additional loss due to this tax, the United States will absorb it. India did not. Even though America knows this reality, it has said that it will impose additional taxes on India.

Tax on India:

You ask what is tax? It also affects ordinary people like us. For example, mangoes are transported from India to America. There, a kilo of mangoes is sold for $1. If Trump now imposes a 100% tax, the price of mangoes will increase to $2. So the American people will stop buying Indian mangoes. This will affect mango exports here.

Who will be affected?:

Various parties like mango traders, brokers, workers and rental car drivers who depend on these exports will face problems. Despite being friends with Modi and Trump, America has not backed down on the issue of taxes. Therefore, international political commentators say that we can bring America to our way with a BRICS currency. Howard Lutnick confirmed this in his speech.

India’s Brahmastra:

The BRICS currency will not only be an alternative to the dollar, but will also create and strengthen an alternative to the World Bank.