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In China, Brazil’s President Calls for Alternative to US Dollar in International Trade

April 14, 2023

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Brazil’s leftist president began a visit to China on Thursday by taking a swipe at the U.S. dollar and asking why the group of leading emerging economies known as BRICS could not use a currency other than the greenback to trade with each other.

President Luiz Inácio Lula da Silva’s made the comments in a speech at a bank in Shanghai established by the BRICS partners – Brazil, Russia, India, China, and South Africa.

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