Lula wants a Latin American currency

Former Brazilian President Luiz Inácio Lula da Silva, who’s once again in the running for the presidency, says that “God willing” he hopes to see the creation of a Latin American currency capable of overcoming the region’s dependence on the dollar.

Lula insists that Brazil ought to reestablish relationships in the region and overseas; “and let’s go back to reestablishing our relationship with Latin America and God willing, to create a new currency in Latin America, so that we don’t have to deal with being dependent on the dollar. We’re going to try to recuperate the BRICS.”

The PT candidate made the statements at an event held on Saturday by the PSOL, in which the party formally announced its support for the front runner.

Lula also expressed his intention to strengthen ties with Africa; “we’re going to prioritize our relationship with the African continent, because Brazil has a debt to pay to Africa, this Brazilian debt is not measured in money, it is measured in solidarity, in the transfer of technology. Brazil has an obligation at the end of day, it’s been 350 years of exploitation of Black people. We are who we are because we are African blood.”

Polls show the PT candidate poised to win the first round. A late April survey conducted by PoderData shows Lula receiving 41% and Jair Bolsonaro receiving 36% of voter intention. Lula’s 5% lead over Bolsonaro increases to 9% in the second round.

By Kawsachun News