Brazilian President Luiz Inácio Lula da Silva has expressed his intention to discuss de-dollarization with BRICS partners at the upcoming leaders’ summit in South Africa. Lula questions why countries like Brazil and Argentina trade in dollars and suggests using their own currencies instead. He also supports the idea of creating a common BRICS currency, similar to the euro in Europe. Lula sees the BRICS bank as an alternative financial institution and aims to strengthen cooperation with the African Development Bank. Lula’s statements reflect his desire for countries to rely less on the US dollar in global trade and promote the use of national currencies. The issue of de-dollarization will be a key topic of discussion at the BRICS meeting.
Meanwhile, leaders from 50 states are attending a summit in Paris hosted by French President Emmanuel Macron to discuss reforming the global financial system. Macron has expressed interest in attending the BRICS summit, but Russia opposes his participation due to its perceived hostile policy towards Moscow. The Paris summit aims to reach a consensus on financial reform and develop proposals for further discussion. This gathering highlights the importance of international cooperation in addressing global economic challenges.
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