President Lula da Silva kicks off his first state visit to China with a BRICS bank event Brazilian President Luiz Inacio Lula da Silva has stated that developing nations should move away from the US dollar in favor of their own currencies in order to push back against American dominance over the global financial system. Speaking in Shanghai on Thursday during an official visit to China, Lula said the BRICS group – comprising Brazil, Russia, India, China and South Africa – should look for an alternative currency to the dollar for trade. “Every night I ask myself why all countries have to base their trade on the dol
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