BRICS: Syria Demands Global Trade with Chinese Yuan Instead of US Dollar

Syria has asked that the US dollar not be used for international trade and that the BRICS countries take the lead in this effort. Also, Syrian President Bashar al-Assad is said to have asked for the Chinese yuan to be used for foreign transactions. 

The news comes when the joint bloc has been working hard to stop using dollars for the past few months. Also, President al-Assad said that there had been a fight with the US on an economic level. So, getting rid of American money everywhere worldwide is a must. 

JUST IN: 🇸🇾 Syria calls to abandon the US dollar for global transactions and adopt Chinese Yuan.

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Syrian President Promotes BRICS De-Dollarization

Following the lead of the BRICS countries, Syrian President Bashar al-Assad has called for the world to stop using the US dollar. Also, the president is said to have talked about using the Chinese yuan as a currency. 

Syria’s President Bashar al-Assad said using the Chinese currency would be necessary for this project. Bitcoin News says that the words were also discussed during a meeting with Zhai Jun, the Chinese government’s special envoy for the Middle East. 

Syria has seen the value in the steps to stop using the dollar. In particular, the BRICS countries can help prevent the US dollar from being the world’s primary currency. On the other hand, these attempts to move away from the dollar became more critical after Russia invaded Ukraine and the US put sanctions on Russia. 

Assad said that the economic and political world needed China to be there. Also, it confirms that alternate currencies could continue to help bring about a required change in power worldwide. We are still determining how this change will affect the participation of the Middle East and the BRICS.

The BRICS countries, Brazil, Russia, China, India, and South Africa, are boosting alternative currencies. A change also seems likely because of the creation of new money for trade and the financial problems the US is facing.