Credit: AXIOS
Credit: AXIOS
The BRICS nations — Brazil, Russia, India, China, and South Africa — are rapidly shaping the future of global trade and finance.
In 2024, the group is expanding its membership and exploring the possibility of a BRICS currency to reduce reliance on the U.S. dollar.
In 2024, Argentina joined BRICS, and countries like Saudi Arabia, Iran, and Indonesia are keen to follow.
This expansion signals a shift in global power as emerging markets grow in influence. The addition of these nations will enhance BRICS’ geopolitical presence across Asia, the Middle East, and Africa.
BRICS headquarters are based in Shanghai, China, a major financial hub.
Looking ahead, the group aims to play a pivotal role in shaping the future of global trade and finance, with continued growth and potential new economic policies.
The idea of a BRICS currency is gaining momentum as member nations seek to bypass the U.S. dollar in trade.
A new currency could significantly impact global markets and offer economic protection from sanctions, strengthening the group's unity and financial independence.
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