Recently, Alexander Babakov, Deputy Speaker of the Lower House of the Russian Parliament, noted BRICS’ intention to adopt a single currency. The ambition is clear: to get rid of American influence in international trade, via its currency. Apparently, Brazil, remained discreet on the subject until now, adheres to the project.
President Lula, in favor of the adoption of a single currency for the BRICS
It is now an open secret: the BRICS countries want their currency. A currency of their own, which would promote trade between them, by ridding them of the influence of the dollar.
Will they make it? The question remains. What is certain is that the determination is there. And the idea also seems to win the support of the members of the group of countries. Indeed, Brazil has clearly positioned itself on the subject.
According to information released on Wednesday April 26, the President of Brazil, Lula da Silva, indicated his support for the project. A few days ago, the Brazilian leader would have called on the BRICS countries to offer an alternative to the dollar. According to the statesman, this could consist, among other things, in the creation of a BRICS central bank.
“Why can’t an institution like the BRICS bank have a currency to finance trade relations between Brazil and China, between Brazil and all the other BRICS countries? Who decided that the dollar was the (commercial) currency after the end of the gold parity? »had hammered President Lula, thus calling into question the influence of the dollar.
The leader’s opinion echoes that shared by many countries around the world on the issue. Among the most decided are Iran, China and Russia. These countries are increasingly contesting the hegemony of the American currency, which is deemed illegitimate.
We recently saw China pull the strings to put an end to this unjust monetary domination. This, through its active role in the normalization of relations between Saudi Arabia and Iran. Faced with this situation, the American authorities are crying conspiracy.
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