BRICS-Gelübde werden die Bemühungen zur Ent-Dollarisierung trotz Donald Trumps 100 % ige Tarifwarnung nicht stoppen
https://www.livemint.com/news/world/brics-vows-wont-stop-de-dollarization-efforts-despite-donald-trumps-100-tariff-warning-11740667493970.html?utm_source=chatgpt.com
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Submission Statement : Brazil’s President Lula da Silva has said that BRICS (Brazil, Russia, India, China, and South Africa) is committed to ending US Dollar dominance “no matter what”. The Brazil President was heard saying, „US President Donald Trump’s threats of tariffs won’t stop the group’s determination to seek alternative platforms for payments between member countries.“
Brazil’s BRICS presidency will strengthen bloc’s push for a multipolar world, said Lula da Silva. The Brazilian president told the same during a meeting of the bloc’s sherpas.
India will sooner adopt GBP than adopt some BRICS currency. Everyone else is being delusional in the group. Financial markets in China and Russia literally have no transparency. If any one of them had similar open systems like western countries then there was a chance in the future but there isn’t. Local currency swaps can only happen to a certain extent.
Brics wants to end dollar dominance but they don’t want to put an effort to create a single currency that could contend with the dollar, how is that supposed to work?