Brazil says there has been no proposal or talks within Brics to create a common currency across the bloc
In an interview with an Indian news channel on Friday, he said “that there has been no proposal, no draft, and no internal discussion to create a Brics currency”.
“India and Brazil can trade in their own currencies and do not need to rely on the US dollar for bilateral deals,” Lula added.
Speculation about a Brics currency has swirled in the past few years as the push towards dedollarisation continues.
Source: News - South China Morning Post
