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BRICS countries plan to create their own currency bloc


https://sputniknews.com/20230125/lavrov-brics-mulling-own-currency-1106693342.html

Lavrov: BRICS use their own currency

Lavrov: BRICS use their own currency

The issue is expected to be discussed at the bloc’s next summit in South Africa in August. 25.01.2023, Sputnik International

2023-01-25T14:51+0000

2023-01-25T14:51+0000

2023-01-25T14:51+0000

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Sergey Lavrov

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Brazil, Russia, India, China and South Africa may soon explore the possibility of creating their own currencies as part of BRICS, an informal economic bloc made up of these countries. Russian Foreign Minister Sergei Lavrov raised the possibility during a visit to Angola, as he made a statement following a meeting with Angolan President Joao Lourenco. This is why, continued the Russian Minister of Foreign Affairs, there is talk between the countries of BRICS and CELAC (Community of Latin American and Caribbean States) of establishing their own new currencies within the framework of these blocs. . “This issue, for example, will definitely be discussed at the BRICS summit to be held in South Africa in August,” Lavrov said. said, adding that high-ranking guests from African countries invited to this summit include President Lourenço.

https://sputniknews.com/20230124/lavrov-brics-working-to-boost-payments-in-national-currencies-as-dollar-unreliable-1106652210.html

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sergey lavrov, brics, motto, outlook

sergey lavrov, brics, motto, outlook

Brazil, Russia, India, China and South Africa may soon explore the possibility of creating their own currencies as part of BRICS, an informal economic bloc made up of these countries.

Russian Foreign Minister Sergei Lavrov raised the possibility during a visit to Angola, when he made a statement following a meeting with Angolan President Joao Lourenco.

Lavrov explained that the currency is necessary given that the mechanisms created and promoted by the West – such as the inviolability of property, the presumption of innocence, fair competition and globalization – can be flouted at any time.

“Serious and self-respecting countries are well aware of what is at stake,” Lavrov said.

This is why, continued the Russian Minister of Foreign Affairs, there is talk between the countries of BRICS and CELAC (Community of Latin American and Caribbean States) of establishing their own new currencies within the framework of these blocks.

“This issue, for example, will definitely be discussed at the BRICS summit to be held in South Africa in August,” Lavrov said, adding that high-ranking guests from African countries invited to the summit include President Lourenco.

Lavrov: BRICS are trying to increase payments in national currencies because the dollar is unreliable



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