Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China
BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria.
At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade.
Economic Clash With West Requires Discarding Dollar, BRICS Leadership, Syrian President Says
Confrontation with the United States and the West in general has been taking place mainly in the economic field and that makes it increasingly necessary to ditch the U.S. dollar as a currency for global transactions, President Bashar Assad of Syria was quoted as saying by Sana, the Syrian state-controlled news agency.
Assad emphasized that the BRICS bloc, through the adoption of the Chinese yuan for trade transactions between nations, can play a leading role in that regard.
He made the comments during a meeting with the Chinese government’s Special Envoy for the Middle East, Zhai Jun, whom he received on Saturday.
The Syrian leader also praised the Chinese mediation that resulted in the rapprochement between Saudi Arabia and Iran, both of which are applying for membership in BRICS.
He believes the improvement of their relations will positively impact the stability of the whole region.
Source: Bitcoin.com
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