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South Africa’s foreign minister said Saudi Arabia, Egypt, Ethiopia, Iran, and the UAE confirmed the invitation to join the BRICS club of nations that was extended during a summit last year.
What has driven the BRICS nations to push for their own currency and embark on this journey to depose the dollar from its pedestal? What are the chances that BRICS will be able to de-dollarise the global financial system?
The Chinese government has lauded Police Minister Bheki Cele for his “outstanding contributions towards protecting Chinese citizens”.
BRICS+6 nations: Strong partnership on innovation and digital economy can spur growth, promote transparency and support sustainable development goals, SBI added in a report.
While the BRICS Summit's conclusion has generated a lot of talk of an economy that's no longer dependent on the dollar, an economist says it will be some time before the U.S currency is no longer relevant.