Australia's largest stock trading and investment forum Australia's #1 stock forum

BRICS or an expanded BRICS will never amount to anything.There...

First 30 Last

Share
Profile

Follow
AuCu

3,231 Posts.

12

26/08/23

17:19

Post #: 69565528
Share

Originally posted by gve: ↑

BRICS Summit Ends With a Bang
Admitted Saudi Arabia and the United Arab Emirates as members, with Iran, Argentina, Egypt, and Ethiopia scheduled for the following year.
“The objective, irreversible process of de-dollarization of our economic ties is gaining momentum, and efforts are being made to work out effective mechanisms for mutual settlements and monetary and financial control,” Putin said. “As a result, the share of the dollar in export-import transactions within the BRICS is declining: last year it amounted to only 28.7 percent.”
“The creation of a currency for commercial transactions and investments between BRICS members improves our payment conditions and reduces our vulnerabilities,” said Brazilian President Luiz Inacio Lula da Silva.
https://rubino.substack.com/p/brics-summit-ends-with-a-bang-and?utm_source=substack&utm_medium=email

Expand

BRICS or an expanded BRICS will never amount to anything.
There are just too many diverse interests in the group, even as it is today.

https://youtu.be/7tG7hh-Vx2A?si=wXSEf-qZMT3eS1xe
3 Upvote

Reply

There are more pages in this discussion • 89 more messages in this thread...

First 30 Last