When he visits China in 2023, luiz inacio lula da silva publicly stated: “I ask myself every night: Why are all countries forced to use the dollar for trade? Why can’t we use our own currency? Why don’t we commit to innovation?”
In fact, since late March, the pace of global de-dollarization has picked up when China and Russia signed a trade deal that distances itself from the dollar and the Chinese yuan as the main currency for trade in various items. focuses on.
From that moment on, from Latin America to Africa, the Middle East, Europe, Asia, more and more countries – for various reasons – start plans or implement programs to achieve de-dollarization.
Argentina is trying to reduce its trade with Brazil. If you can fix the problems and increase non-dollar trade with China, you’ll see significant savings in US dollars.
Of course there is a countercurrent that proclaims the full dollarization of the Argentine economy. An important debate for months to come.
Of course, there will be those who will accuse the economy of making geopolitics a businesslike approach. But the needs of business cannot be limited by the boundaries of geopolitics, especially in a multipolar world, or is it not multipolar?
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