Lula: "It is very important that Argentina is in the BRICS"

Brasilia, Aug 22 (EFE).- Brazilian President Luiz Inácio Lula da Silva said Tuesday that he will promote the “de-dollarization” of trade with the other countries that make up the BRICS forum (Russia, India, China and South Africa). , which meets from today in Johannesburg.

“We are going to exchange our currencies and that the Central Banks settle at the end of each month. Brazil with China, with India… We need to discuss that,” the progressive president bet in his weekly broadcast through social networks.

The BRICS leaders are expected to continue the debate on the “de-dollarization” of their economies during the summit, which consists of promoting the use of their local currencies for commercial exchanges to the detriment of the dollar, something that China has been promoting for years bilateral level.

“We defend a business reference currency so as not to need another country’s currency. Why do I do business with China and need the dollar? Brazil and China are large enough to do business with their currencies or in another reference unit,” Indian.

In this sense, he said that the emerging economies “cannot be depending on a single country that has dollars” and “be forced to live with the fluctuations” of that currency.

“It’s not correct,” he asserted.


However, he stressed that betting on local currencies “is not denying the dollar” and rejected the vision of the BRICS as a “rivalry” bloc against the West.

“What we want is to create a renewed, strong body, with many people, with many resources, to try to improve the relationship with the world, which is why the Global South is so important,” he stressed.

In this context, Lula believes that “great and good decisions” will come out of the BRICS summit, which in his opinion “is very important for the world” and does not seek to “be a counterpoint to the G7.”

“We want to organize ourselves. We have always been treated as the poor part of the planet, as if we did not exist, as second class,” and now “they are perceiving that we can become important countries,” he said.

For this reason, he defended the expansion of the BRICS forum, differently from the G7, the “club of the rich”, which is “closed”.

“We do not want fights with anyone; we want an intercontinental integration so that all countries are treated on equal terms,” ​​he completed.

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