Cuban President: Ditching US Dollar Frees Countries From Sanctions and Aggression

Cuba’s president, Miguel Diaz-Canel, says the U.S. dollar’s planetary reserve currency presumption enables the United States to prosecute an “aggressive hegemonistic argumentation of gathering walls, imposing punitive sanctions, blackmail, aggression, and slander.” He added that the BRICS economical bloc “provides a superb alternate for economical integration, particularly for processing economies.”

Cuba’s President connected De-Dollarization

Cuban President Miguel Diaz-Canel discussed the planetary de-dollarization inclination successful an interrogation with RT, aired connected Thursday.

He explained that the U.S. dollar’s presumption arsenic the world’s reserve currency enables the United States to prosecute an “aggressive hegemonistic argumentation of gathering walls, imposing punitive sanctions, blackmail, aggression, and slander,” the quality outlet conveyed. The Cuban president was further quoted arsenic saying:

BRICS provides a superb alternate for economical integration, particularly for processing economies.

The BRICS nations (Brazil, Russia, India, China, and South Africa) person intensified their endeavors to trim dependency connected the U.S. dollar, advocating for the adoption of their respective nationalist currencies successful commercialized settlements. Their leaders’ acme successful August is expected to see discussions connected a projected communal BRICS currency. Many radical judge that a palmy BRICS currency volition erode the dominance of the U.S. dollar.

Despite not being a subordinate of the BRICS group, Cuba has maintained a beardown concern with Russia dating backmost to the days of the Soviet Union. Trade betwixt Moscow and Havana experienced important maturation past year, reaching $452 million, tripling its erstwhile value.

For respective decades, the United States has upheld wide-ranging economical sanctions against Cuba, primitively imposed successful the 1960s. The U.S. authorities has cited quality rights violations, communist tendencies, and determination instability arsenic immoderate of the reasons down the ongoing sanctions.

Diaz-Canel said, “I judge that we request to admit the starring relation of Russia successful shaping this multipolar world,” adding that continued de-dollarization efforts volition pb to “more inclusive and much mutually beneficial trade” for countries that cull the US’ “lies and bare promises.” Last month, Russia’s president, Vladimir Putin stated that the inclination toward multipolarity is inevitable and volition lone intensify. “Those who bash not recognize this and bash not travel this inclination volition lose,” the Russian president warned.

A increasing fig of countries too the BRICS nations are ramping up their de-dollarization efforts. Ten Southeast Asian nations that are members of the Association of Southeast Asian Nations (ASEAN) precocious agreed to beforehand the usage of nationalist currencies. Moreover, apical officials of nine Asian countries met successful Iran past week to sermon de-dollarization measures.

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