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BRICS Currency Gains Momentum as Lula Advocates for Dollar Independence
BRICS Currency Gains Momentum as Lula Advocates for Dollar Independence
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BTCCSquare news:
Brazilian President Luiz Inácio Lula da Silva has intensified calls for a BRICS trade currency, framing it as a strategic necessity to reduce reliance on the U.S. dollar. "We cannot depend on the dollar," Lula declared, signaling a measured but deliberate push for alternatives among the bloc’s members. The MOVE coincides with escalating trade tensions between Brazil and the United States.
Discussions around the proposed BRICS currency have advanced beyond theoretical debates, with member nations now actively testing frameworks. Lula’s rhetoric emphasizes pragmatism over abrupt disruption, suggesting a phased rollout. "The world needs options," he noted, alluding to growing institutional frustration with dollar-dominated systems.
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