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3232Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
https://www.digit.info/brazils-president-lula-urges-developing-countries-to-abandon-dollar-as-global-reserve-currency/
Thu, 13 Apr 2023 17:30:05 +0000https://www.digit.info/2023/04/13/brazils-president-lula-urges-developing-countries-to-abandon-dollar-as-global-reserve-currency/Read more]]>According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]
]]>China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says
https://www.digit.info/china-ready-to-talk-asian-monetary-fund-to-cut-dollar-dependence-malaysia-says/
Wed, 05 Apr 2023 14:00:23 +0000https://www.digit.info/2023/04/05/china-ready-to-talk-asian-monetary-fund-to-cut-dollar-dependence-malaysia-says/Read more]]>An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in […]
]]>Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries
https://www.digit.info/latam-common-currency-to-focus-on-settlements-among-mercosur-and-brics-countries/
Wed, 25 Jan 2023 12:30:08 +0000https://www.digit.info/2023/01/25/latam-common-currency-to-focus-on-settlements-among-mercosur-and-brics-countries/Read more]]>President of Brazil Luis Inacio Lula Da Silva clarified the scope and reach of the common currency that Brazil and Argentina are studying to issue in Latam. Lula Da Silva clarified that he believed this currency would be used to settle cross-border payments between the two countries and also countries from BRICS and Mercosur. Lula […]