Brazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group.

 In a speech during a trip to Spain, he said without providing further details:

I am in favor of creating, within the BRICS, a trading currency between our countries, just like the Europeans created the euro.