Delcy Rodríguez: The call is to devalue international trade

“A call to devalue international trade,” said Delsey Rodriguez, vice president of the Republic, while participating in a St. Petersburg forum.

In his speech, he highlighted the growth of the economies of China and Russia in recent years.

“China’s GDP per capita is estimated to be the same as that of the United States in 35 years. “We are witnessing a new realignment in which the Eurasian region resumes its historic leadership position,” he explained.

As well as asking countries to create a new global economic system that seeks to oust the dollar as the currency of transactions.

“We are already starting to see Arab countries, Gulf countries starting to sell their oil and gas in currencies other than the US dollar,” he said.

“The mass of money in circulation in the US economy is $21 trillion, but if you look at the money in circulation in the international oil market, this number is five times higher, at $104 trillion,” Rodriguez pointed out. outside.

A senior Venezuelan official stressed that the creation of a new international economic order is key to global trade and regionalization of supply chains to counter illegal barriers.

“Another fundamental task is to create new payment channels in addition to this network created by American Swift (…)

The restructuring of the hegemonic economy is facing complex situations that pose new challenges to moving towards a diversified economy that contributes to the development of the world’s population.

Before the meeting, which will invite more than 100 representatives and countries of the world, the Venezuelan Minister of Finance also accepted the call to review international economic and commercial relations.

In this regard, I am proud to be a Venezuelan because the trade flow between Russia and Venezuela has increased.

A trade flow focused on Latin America (as the world’s major food producer) in food, beverage and tobacco exports; “Russia exports fertilisers, coal and base metals to our region,” he noted.

China and India have regained their historic role in the global economy and are now giving greater importance to the role played by the BRICS, Executive Vice President Delsey Rodriguez asserted. pic.twitter.com/7fTFX0rD4t

– Presidential Press (@PresidentialVen) June 15, 2023

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