Fri Apr 14th, 2023 at 10:48:01 AM EST
BRICS Currency vs US Dollar: Is the end of Dollar dominance near? | Business Africa |
Brazil's Finance Minister Fernando Haddad, who's accompanying Lula in his trip to China, said local currencies are already used in bilateral trade through instruments such as credit receipts. The goal, he added, is to expand mechanisms that allow trade operations to be settled without the intermediation of a third currency.
"The advantage is to avoid the straitjacket imposed by necessarily having trade operations settled in a currency of a country not involved in the transaction," he told reporters in Shanghai.
A NWO w/o World Bank and IMF to fight poverty
Lula Backs BRICS Currency to Replace Dollar in Foreign Trade | Bloomberg |
Brazil's Luiz Inacio Lula da Silva called on BRICS nations to come up with an alternative to replace the dollar in foreign trade, supporting China's crusade against US global dominance just as he prepares to meet with President Xi Jinping in Beijing.
Lula's remarks were made on Thursday during a visit to the Shanghai-based New Development Bank, an institution created by BRICS countries, which, along with Brazil and China, include Russia, India and South Africa. Former Brazil President Dilma Rousseff is the bank's new chief executive.
It was not intended to be complimentary for “Old Man” Joe Biden 😁
From my diary in June 2021 as dark storm ⛈ clouds 🌪 were seen on the horizon. Never thought those angry clouds would bring war to Europe. I was too positive about U.S. leadership 🇺🇸 vs Europe 🇪🇺.
America Is Back Baby! | June 11, 2021 |
America would be wise to tidy up a bit at home before spreading their form of democracy attached to slavery of the laborers and depletion of natural resources in third world countries.
Joe’s true intention had been read from the telephone lines …
Biden's 'Multilateralism' Amounts To AmericaFirst!! | Mar 25th, 2021 |
A new face, a bit of adjustment in packaging the act. On Defense and Security, NATO and the EU preemptively complied with the wishes of the new Biden administration ... wishful thinking there will be reciprocity. 🤥 🤥
Work in progress ... ⚠️