Brazilian President Lula da Silva wants a BRICS currency | English News | WION

Luiz Inacio Lula da Silva was speaking at the new development Bank, a bank created by the BRICS located in China Shanghai he said, 'why can't an institution like the BRICS bank have a currency to finance trade relations between Brazil and China. Between Brazil and all the other BRICS countries who decided that the dollar was the trade currency unquote the idea of a common BRICS currency has been in the works for some time now the idea gained momentum after Russia a member of the BRICS group was cut off from the Global Financial system and paying for Russian oil in US dollars became very difficult however the brics currency is unlikely to see the light of day anytime soon