5/29, 7:35 PM (Source: TeleTrader)
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Lula again calls for a common BRICS currency

Brazil's President Luiz Inacio Lula da Silva (pictured right) reaffirmed on Monday his support for a currency that would be used by BRICS, an alliance that includes Brazil, Russia, India, China and South Africa.

Speaking alongside Venezuelan President Nicolas Maduro (left), Lula said that he "dreams" about a BRICS common currency, that, in his opinion, would be similar to the euro. The group's potential currency would help member countries "do business" without depending on the United States dollar and would allow them to "have more freedom to negotiate," the Brazilian president added.

"Only one country has a dollar machine, and that country does whatever it wants with the dollar," he pointed out, seemingly criticizing the US and its sanctions policy.

Baha Breaking News (BBN) / MS