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Lula Da Silva Warns that the Loss of the Hegemony of the Dollar in International Trade Is a Process without Turning Back

Summary by rpp.pe
Brazil's president, Luiz Inácio Lula da Silva, said this Monday at a press conference in Rio de Janeiro, at the end of the BRICS summit, that the US dollar will cease to be the reference currency in international trade and warned that this process "has no turning back".According to the Brazilian president, it is "very difficult" to make people change something that has already been in place for many years, but he pointed out that the world "need…
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Brazil's president, Luiz Inácio Lula da Silva, said this Monday at a press conference in Rio de Janeiro, at the end of the BRICS summit, that the US dollar will cease to be the reference currency in international trade and warned that this process "has no turning back".According to the Brazilian president, it is "very difficult" to make people change something that has already been in place for many years, but he pointed out that the world "need…

Trump’s threat has no impact on the BRICS Summit, which encourages the use of alternative currencies to the dollar. The post Lula: alternative currencies to the dollar are the ‘natural path’ appeared first on Monitor Mercantil.

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Jornal Monitor Mercantil - Jornal Monitor Mercantil | Notícias Sobre Economia, Política, Opinião broke the news in on Monday, July 7, 2025.
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