BRICS Argues De-Dollarization, OpenAI in Talks with Apple - Grift Report
Brazilian President Luiz Inacio Lula da Silva proposed creating a currency for trade within the BRICS alliance, aiming to reduce reliance on the U.S. dollar. This desire was heightened by the dollar's 2022 surge due to Fed interest rate hikes and the Ukraine conflict. However, at the BRICS summit, leaders had differing views.
President Da Silva supported a common BRICS currency, while Russia's Vladimir Putin advocated for local currency trade to de-dollarize the world economy. India expressed difficulties in changing dollar-based payment systems, China remained silent on the BRICS currency, and South Africa dismissed the idea, stating it wasn't a discussed topic.
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