Brazil President says common BRICS currency would reduce vulnerabilitiesLula da Silva made the statement at the opening plenary of the BRICS summit in Johannesburg.
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President of Brazil Luiz Inacio Lula da Silva attends the plenary session during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa August 23, 2023.
Credit: Reuters Photo
Brazilian President Luiz Inacio Lula da Silva said on Wednesday a common currency used by BRICS countries in commercial transactions would reduce their vulnerabilities.
"The creation of a currency for trade and investment transactions between BRICS members increases our payment options and reduces our vulnerabilities," Lula da Silva said at the opening plenary of the BRICS summit in Johannesburg.