President Luiz Inácio Lula da Silva defended, on two occasions, during his visit to the capital of Indonesia, Jakarta, the possibility of using local currencies in trade between the two countries.
The first of them, during a statement to the press, in the early hours of this Thursday (23). This morning, Lula said that both Pix and the similar Indonesian system are capable of facilitating not only trade between the two countries, but also between the countries that make up the Brics – a group made up of 11 member countries and ten partners, including Brazil, Russia, India, China and South Africa,
“Within the scope of Brics, the Brazilian Pix and the Indonesian Qris offer models of effective and accessible payment systems, which can inspire measures that will facilitate trade in local currencies between the bloc’s countries,” said the president during an event with Brazilian and Indonesian businesspeople.
According to Lula, this movement is part of a “broader strategy by Brazil to diversify partnerships and facilitate trade”.
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Freedom to use your own currency
Earlier, during a joint statement by Lula and the president of Indonesia, Prabowo Subianto, to the press, Lula had already reiterated his position in favor of the use of local currencies for trade between the two countries.
“We want free trade. And, even more: both Indonesia and Brazil are interested in discussing the possibility of trading between us using our currencies”, said the Brazilian president earlier – emphasizing that this type of “freedom to use one’s own currencies” is something that should have already happened.
“The 21st century demands that we have the courage that we did not have in the 20th century. It demands that we change some way of acting commercially so that we do not become dependent on anyone”, he added when defending multilateralism, instead of unilateralism.
Later, in the meeting with businesspeople, he reiterated that, “like Indonesia, Brazil is opposed to unilateral and coercive measures that distort trade and limit economic integration”.
According to him, “it is the private sector, with partnerships and joint projects, that will transform diplomatic affinity into shared prosperity for both countries”.
“Indonesia and Brazil will remain partners in building a shared future of cooperation, development and social justice”, he added.
