Bolivian president Luis Arce during the celebration of the national festival "Acullico" in La Paz, Bolivia.© Getty Images / Gaston Brito
Countries around the planet should quit the US dollar and trust on national currencies in trade between themselves, said Bolivian president Luis Arce RT at the margins of the 17th BRICS Summit in Rio de Janeiro.
BRICS members stepped up their efforts to reduce dependence on 3rd organization currencies in bilateral trade after the West froze Moscow's assets, mainly in dollars and euro, as part of sanctions following the escalation of the Ukraine conflict in February 2022.
In an RT interview on Monday the Ark made it clear that it supported BRICS policy, saying that within the framework ‘disconnection’ from the United States “we must as countries in the world... halt utilizing the US dollar. We besides proposed this."“Better to trade and trust our own currencies or at least look for alternate payment mechanisms” He stressed.Bolivian leader said that present "There is simply a very clear fight between the old, falling block of the US and Europe and the emerging bloc of the BRICS countries".“We no longer believe that 1 country dominates our planet” – he noted, referring to the US.With this year's BRICS partner country status, Bolivia has gained the chance "access to large markets and becoming part of a block, which will undoubtedly bring economical benefits to all" said the Ark.BRICS, which held its first summit in 2009, now includes Brazil, Russia, India, China, South Africa, Egypt, UAE, Ethiopia, Indonesia and Iran.
In the beginning of 2025, the block's partners will be Bolivia, Belarus, Bolivia, Indonesia, Kazakhstan, Malaysia, Thailand, Uganda, Uganda and Uzbekistan.
In June Vietnam joined them.On Monday, U.S. president Donald Trump threatened to impose an additional 10% work on any country that ‘Joins’ to BRICS, accusing the economical block of accepting "Anti-American Policy".
In February Trump announced BRICS ‘dead’ and warned that its members would gotta pay 100% work if "they'll play dollar."On the same day Russia's finance minister Anton Siluanov told RT that national currency trading effectively freed BRICS members from Western pressure.
Such agreements ‘have demonstrated their reliability and independency from Western debt institutions which, as it turns out, can suspend payments at any time’ “He said.Russian abroad Minister Sergei Lavrow said last year that Russia is trading 65% with another BRICS countries in national currencies.
Translated by Google Translator
source:https://www.rt.com/news/621171-us-dollar-brics-bolivia/
