China News Network, June 6 Comprehensive report, on May 1, local time, when Brazilian President Lula attended a meeting of leaders of South American countries, he proposed to create a regional common currency to challenge the hegemony of the US dollar. Cuban President Díaz-Canel also said in an interview a few days ago that abandoning the dollar will help developing countries get rid of the "sanctions, blackmail, aggression and slander" of the United States.
Infographic: Brazilian President Lula.
Lula reportedly said at a meeting of South American leaders that dependence on currencies outside the region should be reduced through more effective compensation mechanisms and the creation of a regional common currency that can be used for trade payments, thereby "deepening our South American identity" in the monetary sphere.
In mid-April, Lula called for an "end to dollar dominance" while attending the inauguration of the new president of the BRICS New Development Bank and former Brazilian President Dilma Rousseff, in Shanghai. "Every night, I ask myself, why do all countries settle in dollars?" he said. Why can't you use your own country's currency as your international settlement currency? Who the hell decided this? ”
In addition, Lula said at the meeting of South American leaders that "no country can face the challenges of today's geopolitical and global economy alone." ”
He believes that there are multiple changes and challenges in today's world, and that only joint action can overcome the current systemic threats, and that the South American region "has strong assets to deal with this world in transition."
Lula stressed that the integration of South America is important because it is a large consumer market with 4 million inhabitants and "we have no time to waste and should again embark on the path of unity so that South America can become a developed continent full of potential".
In Latin America, in addition to Lula, another leader is also calling for the abandonment of the dollar.
Infographic: Cuban President Díaz-Canel.
Cuban President Díaz-Canel said in an exclusive interview with the media that "it's time to abandon the dollar," Russia Today (RT) reported on May 5. ”
Diaz-Canel believes that the dollar, the world's reserve currency, allows the United States to pursue aggressive hegemonic policies such as "building walls, imposing punitive sanctions, blackmail, aggression and slander."
He also noted that, based on that policy, the United States had imposed an embargo against Cuba for 60 years. "The BRICS countries offer an excellent option for economic integration, especially for developing economies," he said. ”
Diaz-Canel said continued "de-dollarization" would lead to "more inclusive and mutually beneficial trade" for those who reject America's "lies and empty promises."