25 Countries Prepare to Join BRICS Alliance

The BRICS alliance will grow and strengthen as 24 new countries prepare to join. The countries want to stop using the U.S. dollar and start using the new BRICS currency for trade across borders.

The move puts more pressure on the dollar and threatens its position as the world’s primary currency. Still, if BRICS grows to become BRICS+, the dollar and other major Western currencies like the Euro and the Pound could go down.

As a result, the West may soon lose its dominance, which could result in an East-led new financial order. Developing nations in Asia, Africa, and Latin America are working together to make de-dollarization happen.

Also, the move could end the U.S. dollar’s dominance worldwide and make the American economy less stable.

25 Countries Now Prepare to Join BRICS Alliance

Many countries are preparing to join the BRICS alliance and use the new currency for trade worldwide. The 24 countries want to support their money and businesses and avoid using the U.S. dollar to do business with other countries.

Afghanistan, Algeria, Argentina, Bahrain, Bangladesh, Belarus, Egypt, Indonesia, Iran, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Saudi Arabia, Senegal, Sudan, Syria, The United Arab Emirates, Thailand, Tunisia, Turkey, Uruguay, Venezuela, and Zimbabwe all want to join the BRICS alliance and trade in the new currency, which hasn’t been made public yet.

On the list are also oil-rich Gulf countries that send millions of barrels of oil to the U.S. and Europe. If countries in the Middle East start to use the BRICS currency, European countries might have to pay for oil with the new cash.

Also, Saudi Arabia will soon tell the U.S. to pay with BRICS money instead of the U.S. dollar.