๐นNineteen countries have expressed an interest in joining BRICS ๐ง๐ท๐ท๐บ๐ฎ๐ณ๐จ๐ณ๐ฟ๐ฆ as the group prepares to hold an annual summit on June 2nd-3rd in South Africa. Thirteen countries have formally asked to join and another six have asked informally.
๐นSaudi Arabia and Iran have formally asked to join. Other applicants include Argentina, the United Arab Emirates, Algeria, Egypt, Bahrain, Indonesia, and three African nations whose names are not presently disclosed. Pakistan presently under a severe economic crisis with works
n progress to revive IMF loan programs may not be in a position to apply yet.
๐นFormer staff economist at the US White House Council of Economic Advisers, wrote in Foreign Policy that a currency issued by BRICS would pose a unique threat to the dollar's dominance. His concern
๐นFormer staff economist at the US White House Council of Economic Advisers, wrote in Foreign Policy that a currency issued by BRICS would pose a unique threat to the dollar's dominance. His concern
is that on the scale of GDP, BRICS collectively outweigh the entire G7 nations.
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