South American countries need to get rid of their dependence on the dollar and switch to local national currencies. This was expressed by Bolivian President Luis Arce at the opening of the South American Common Market (MERCOSUR) heads of state summit. transmits TV channel Telesur.
“Our region is severely affected by the restrictions and rules imposed by the US financial system that limit funding and access to international markets, so it is necessary to reduce reliance on the dollar and diversify our economic ties,” Arce said. .
According to him, South America is not only under the arms of the United States. The thing is that the region has huge mineral reserves. At the same time, the American side takes everything but leaves nothing in return.
He added that in the transition period we are in, attention should be paid to the BRICS and other blocs formed for the construction of a new economic order in the world.
June 22, scientist Bian Yongzu from Yale University in the USA declarationThat China has been able to seriously reduce its dependence on the US dollar. However, the final disposal of this currency is still far away.
Previously reportedthat the dollar has become a currency that undermines its credibility.