BRICS members do not oppose the use of the US dollar in global trade but emphasise the importance of developing alternative mechanisms for international settlements. This was stated by Celso Amorim, Chief Advisor to the President of Brazil for Foreign Policy.
"Many are asking: will the dollar be abandoned? No one is planning to do so. The United States is a vast country whose economy remains extremely important for the entire world. But we still need an alternative," he noted.
According to Amorim, the BRICS countries continue to explore possible options for financial settlements between members of the group.
"There is continued discussion about the possibility of BRICS moving to trade in national currencies. Yes, that is one option," noted the Brazilian President's Adviser. "For now, however, all these proposals remain at the discussion stage."
Earlier in December, Russian President Vladimir Putin urged a measured approach to creating a common BRICS currency. According to the Russian leader, #BRICS currently has no goal of establishing a single currency, but member states should expand the mutual use of their national currencies.
#NEWS #finance
🕊🕊🕊
