Chain News by Thebittimes.Com

A total of 13 countries have officially submitted their applications to join the BRICS alliance. Inducting more countries into the bloc could be a paradigm shift in the geopolitical landscape affecting the global economy. The developing nations aim to end reliance on the U.S. dollar and trade in native currencies to strengthen their local economies. A dozen and more countries expressing interest to join the BRICS alliance indicates that the U.S. dollar is in jeopardy. Also Read: BRICS : US Dollar Accounts for 59% of All Foreign Exchange Reserves The decision to induct the 13 countries will be jointly taken by the BRICS bloc in the upcoming summit. The next BRICS summit is scheduled on Aug. 22 to 24 in Johannesburg, South Africa. BRICS is an acronym for Brazil, Russia, India, China, and South Africa. BRICS: 13 Countries Formally Apply To Join the Alliance Source: VCG / ChinaDaily.com.cn The 13 countries that have officially applied to join the BRICS alliance are the Unit...

Unveiling the Power of BRICS: How Their Economic Influence Shapes the Global Market The BRICS Alliance, comprised of Brazil, Russia, India, China, and South Africa, has emerged as a group of major players in the global economy, accounting for almost a quarter of the world’s GDP and over 40% of its population. With their growing influence in international trade and investment, the BRICS countries are shaping the future of the global economy. But what is the purpose of the BRICS Alliance, and how powerful are they? Let’s take a closer look. Source: Bitcoin.com What are BRICS and Their Purpose? The term BRICS refers to a group of emerging economies that are rapidly growing and have the potential to become global economic powerhouses. The group includes Brazil, Russia, India, China, and South Africa, with more looking to join. How Powerful is BRICS? The BRICS countries are home to more than 40% of the world’s population and account for almost 25% of the world’s GDP. T...