HomeRousseff said, during an interview with the American newspaper "Financial Times", that "local currencies are not a substitute for the dollar, they are an alternative to the current dominant system and a way to bypass it, as it will be replaced by a multipolar system." The BRICS 2023 summit kicks off today, Tuesday, with the participation of the leaders of the 5 member states of the group, namely Russia, China, India, South Africa and Brazil, and will continue until August 24.The leaders of 4 countries will participate in the summit personally, namely Chinese President Xi Jinping, Brazilian President Lula da Silva, Indian Prime Minister Narendra Modi, and South African President Cyril Ramaphosa, while Russian President Vladimir Putin participates, via video technology, while The Russian delegation participating in the summit is Foreign Minister Sergey Lavrov.
President of the BRICS Development Bank: Local currencies are not only a substitute for the dollar, but for the unipolar system
2023-08-22T07:09:31.684Z
Highlights: The BRICS 2023 summit kicks off today, Tuesday, with the participation of the leaders of the 5 member states of the group, namely Russia, China, India, South Africa and Brazil. The leaders of 4 countries will participate in the summit personally, namely Chinese President Xi Jinping, Brazilian President Lula da Silva, Indian Prime Minister Narendra Modi, and South African President Cyril Ramaphosa. Russian President Vladimir Putin participates, via video technology, while the Russian delegation is Foreign Minister Sergey Lavrov.
The head of the BRICS Development Bank, Dilma Rousseff, stressed that local currencies are not an alternative option to the dollar, but rather a process to bypass the dominant unipolar system in the world.
Source: sputnik