Subbarao also said even for BRICS, there are internal differences about bringing out an alternative to the US Dollar.

Former RBI Governor Duvvuri Subbarao warned that China’s economic dominance would likely make it the leading force in any BRICS currency initiative. "It would be ironic if BRICS members, in their bid to escape dollar dominance,

Donald Trump’s 100% tariff warning to BRICS nations over de-dollarisation is impractical, says ex-RBI Governor Subbarao, citing unclear US laws and internal bloc divisions on adopting a common currency.

President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US law permits such an action,

US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar. "The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,