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BRICS Currency Gains Support as Alternative to US Dollar in Global Trade

1 min read
Source: Bloomberg
BRICS Currency Gains Support as Alternative to US Dollar in Global Trade
Photo: Bloomberg
TL;DR

Former Brazilian President Lula da Silva has called on BRICS nations to find an alternative to replace the dollar in foreign trade, supporting China's campaign against US global dominance. Lula made the remarks during a visit to the New Development Bank, an institution created by BRICS countries, ahead of his meeting with President Xi Jinping in Beijing.

Topics:worldinternational-relations#brics#china#dollar#foreign-trade#international-relations#luiz-inacio-lula-da-silva
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  1. Lula Backs BRICS Currency to Replace Dollar in Foreign Trade  Bloomberg
  2. Brazil's Lula takes swipe at IMF and World Bank on China trip • FRANCE 24 English  FRANCE 24 English
  3. Could this Bank in China Bring an End to the U.S. Dollar's World Dominance?  Newsweek
  4. 'Junk The US Dollar': Putin's message resonates in West; Brazil's Lula for trade in local currency  Hindustan Times
  5. Brazil lures China's Cofco to finance recovery of degraded land  Reuters.com

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