Brazilian President Luiz Inácio Lula da Silva has revealed his intention to raise the issue of de-dollarization at the next BRICS meeting. “Why Brazil and Argentina would trade in dollars. Why don’t we do it in our own currencies? Why can’t Brazil and China trade in their currencies? The question of why I need to buy dollars is on my agenda,” said the Brazilian president.
Brazil Intends to Discuss De-Dollarization With BRICS Partners
Brazilian President Luiz Inácio Lula da Silva stated Friday during the Paris summit on a new global financial pact that he intends to raise the issue of de-dollarization at the next BRICS meeting, Tass reported. The BRICS nations comprise Brazil, Russia, India, China, and South Africa. The economic bloc’s leaders’ summit is set to take place in Johannesburg, South Africa, on Aug. 22-24.
The Brazilian president was quoted by the news outlet as saying (translated by Google):
It’s not clear why Brazil and Argentina would trade in dollars. Why
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