BRICS optics signal delayed decision on alternative 'global' currency
There hasn’t been a deal yet on de-dollarisation, allowing the US dollar to remain central to global trade, including between BRICS members.
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There hasn’t been a deal yet on de-dollarisation, allowing the US dollar to remain central to global trade, including between BRICS members.
The share of the bloc in world GDP has been on the rise; it accounted for more than a quarter in 2022.
Despite putting on a jolly good show hosting the Brics summit, SA remains the bloc’s weakest member
Aside from a distaste for US clout in global finance, economics and geopolitics – the BRICS countries, arguably, have very little in common. So it begs the question, how much can it achieve as a coalition?
Brics summit today. it will mostly be closed to the media, but we do expect that there are going to be discussions around the possible expansion of the brics bloc. there are already some disagreements in terms of the criteria that is going to be used to ensure that applicants are allowed. we do know also that at least 20 other countries have applied formally to be part of the brics bloc, and that includes countries like nigeria, saudi arabia, argentina, and the uae. and we also know that the president of russia, vladimir putin, is going to be delivering another speech via video link at around ...