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The Kremlin assessed the prospects for the emergence of a common BRICS currency KXan 36 Daily News

Date: June 22, 2024 Time: 09:17:48

Earlier, Brazilian President Lula da Silva came up with the idea of ​​a common BRICS currency for trade between countries.

“The process of de-dollarization of the world economy is advancing inexorably. Many countries are gravitating towards the trajectory of using national currencies in mutual agreements. In addition, naturally, expert discussions are taking place on the possibility, desirability and feasibility of plans to introduce a national currency in some kind of integration processes,” Peskov said. .

In his opinion, although this is a discussion process, which will take time.

“In the short term, this is hardly feasible, but the use of national currencies is something that is already a reality that is growing worldwide,” the Kremlin spokesman emphasized.

It was striking that this practice is resorted to not only by countries facing sanctions restrictions, but also by others, because they understand the benefits of this regime in carrying out foreign economic activity.

Dmitry Peskov noted that at the upcoming BRICS summit in South Africa, a decision on a common currency is unlikely to be made, “but this does not mean that it should not be discussed.”

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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