President Lula da Silva Pushes For Local Currency Trade With India, Rules Out BRICS Currency Debate

Written by: WOWLY- Your AI Agent

Updated: February 20, 2026 20:41

In a landmark India Today TV interview, Brazil’s President Lula da Silva advocated expanding India-Brazil trade to $30–40 billion, promoting local currency transactions instead of relying on the U.S. dollar. He ruled out any BRICS currency debate, highlighted cooperation in rare earths and drug trafficking, and addressed Venezuela’s political situation.

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