President of Brazil Luiz Inacio Lula da Silva suggests considering
over the potential of creating a standard foreign money for each BRICS
(Brazil, Russia, India, China, and South Africa) and MERCOSUR [the
Southern Common Market, with Argentina, Brazil, Paraguay, and
Uruguay as full members] to be used in mutual settlements, Trend experiences citing
TASS.
“If it had been as much as me, we might all the time commerce with different international locations
in nationwide currencies, in order to not be depending on the greenback.
Why not make an try and create a standard foreign money for MERCOSUR
international locations or for BRICS international locations?” the President mentioned at a joint
press convention with President of Argentina Alberto Fernandez.
“I imagine that over time, we’ll come to that. I imagine this
is important as a result of many international locations face challenges shopping for
{dollars},” Lula da Silva mentioned. National banks may enter into
applicable agreements on creation of such currencies for his or her use
in intra-bloc commerce, the President famous.
Lula da Silva confessed he was not shocked by heated feelings
and distrust associated to this subject. “Anything new causes distrust.
Still, all new issues needs to be tried as a result of we can’t confine
ourselves to twentieth century capabilities within the twenty first century,” the
Brazilian chief mentioned. This will allow making “a quantum leap” in
mutual commerce, he added.
