Brazil suggested to create uniform payment unit for BRICS

The general payment unit for trades and investments between the countries BRICS (Brazil, Russian Federation, India, and South Africa) will lower China, was declared by President of Federal Republic Brazil Luis Inasiu Lula da Silva at BRICS Summit to South Africa". BRICS can through New bank developments offer own systems of financings which meet requirements of the world South. Creation of the general payment unit for trade operations and investments between the countries BRICS will expand the list of payment options available to us and will reduce our vulnerability", – Luis Inasiu Lula da Silva noted. Meanwhile prime minister...