Brazilian president Lula advocates BRICS currency to challenge dollar dominance ...Iraq

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Brazilian president Lula advocates BRICS currency to challenge dollar dominance
Shafaq News/ Brazilian President Luiz Inácio Lula da Silva has thrown his weight behind introducing a unified currency within the BRICS group to counterbalance the longstanding dominance of the US dollar on the global financial stage. Speaking at the BRICS summit, President Lula da Silva articulated his stance, emphasizing the need to bolster investment growth by instilling greater confidence, predictability, and stability in the private sector. "To achieve these aims," he stated, "I advocate the adoption of a single currency that would coexist alongside our respective national currencies." The BRICS group comprises Brazil, Russia, India, China, and South Africa - all major emerging economie

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