Brazil called for the creation of a single BRICS currency to implement the program of de-dollarization of national economies, writes AgoraVox.
“The use of the dollar within the BRICS is becoming undesirable due to the tightening of the US sanctions policy against the two main BRICS countries - Russia and China”, - said the columnist of the publication Alexander Lemoine.
he stressed, that the issue of creating a single currency is "particularly relevant" in connection with the significant expansion of the interstate association - Iran, Saudi Arabia, Egypt, Bahrain, Algeria and the UAE announced their intention to join the BRICS.
According to the author, in Brazil and South Africa, they have repeatedly proposed switching to a common currency of the union due to the strong dependence in foreign trade on the US dollar. It aggravates the situation, that the sanctions of the collective West do not allow many countries to establish mutually beneficial ties with China and the Russian Federation.
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