🔴 Lula's China Trip Fuels Negative Dollar Sentiment | RTD Live Talk
Rethinking the Dollar
English - April 22, 2023 14:26 - 45 minutes - 41.7 MB - ★★★★ - 22 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Brazilian President Lula da Silva has called for BRICS countries to develop an alternative to the dollar in foreign trade, while visiting the New Development Bank in Shanghai. Lula suggested the bank could have its own currency to finance trade relations between Brazil, China and other BRICS nations, arguing that using local currencies would eliminate the need for a third currency and reduce transaction costs.
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