Lavrov says BRICS summit will discuss single currency.
"It will certainly be discussed at the BRICS summit," said the Russian Foreign Minister.
247 - Russian Foreign Minister Sergey Lavrov stated that the common currency will be discussed at the end of August among the BRICS member countries. Besides the Russian government, the group consists of four other nations: South Africa, Brazil, China, and India.
"It is precisely in this direction that initiatives are emerging regarding the need to consider the creation of internal currencies within the BRICS framework. This will certainly be discussed at the BRICS summit, which will take place in the Republic of South Africa at the end of August, and to which a group of African nations will be invited, including, as I understand it, President Lourenço," said the Russian diplomat. The statement was published by Tass agency.
"Serious countries with self-respect understand very well what is at stake," Lavrov observed. "They see the dissimulation of the masters of the current international monetary system and want to create their own mechanisms to guarantee sustainability that would be protected from external direction," he added.
This week, the topic of a common currency received widespread attention in the world press and on social media after the presidents of Brazil, Luiz Inácio Lula da Silva, and Argentina, Alberto Fernández, began discussions. monetary negotiations.
The Minister of Finance, Fernando HaddadHe also went to the neighboring country and clarified the proposal under discussion. "We are advocating for a new approach, one that doesn't involve payment in local currencies, but that doesn't reach the stage of monetary unification," said the minister.
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