More News, Rumors and Opinions Wednesday PM 7-26-2023
44 Countries Now Interested in Joining BRICS As Multipolar World Takes Shape: Report
Alex Richardson July 24, 2023
The list of countries looking to join the global economic alliance known as BRICS is now at 44, according to one of the group’s top insiders.
Anlil Sooklal, South Africa’s top diplomat in charge of relations with the bloc, tells Reuters that on top of the 22 countries that have already formally asked to join, there is “an equal number of countries that have informally expressed interest in becoming BRICS members … [including] all the major global south countries.”
At a summit next month, the main topic on the agenda will be how far and how fast to expand the coalition, which is currently only officially made up of Brasil, Russia, India, China and South Africa, but is now dealing with a large lineup of interested entities, including Argentina, Iran and Saudi Arabia.
In a new interview with Russian government-backed RT, Sookal said he and others working within the group have been tasked with prioritizing and organizing an expansion effort for the alliance over the last year or so.
Sookal said that BRICS leaders would be meeting this month to discuss the details on how to welcome more countries into their circle.
“…Next week in Durban here in South Africa we have a special sherpa meeting to look at finalizing our effort on expansion. This report will then be transmitted to our ministers. And South Africa will convene a virtual meeting of ministers of foreign affairs before the end of July to make recommendations to the leaders at the summit in August with regard to BRICS’ expansion.”
BRICS, which was originally set up to form an alternative financial system to the US dollar hegemony, is partially powered by its New Development Bank (NDB), which supports the group’s nations’ public and private projects through loans, equity participation and other economic tactics.
Naledi Pandor, South Africa’s Foreign Affairs Minister, says NDB is helping new members establish themselves on a global economic stage that has historically been dominated by the US and Western allies.
“We are encouraged by the growth and sustainability of the New BRICS Development Bank and welcome new members. The Bank has helped the members to provide financing for infrastructure needs, support the unlocking of regional value chains and localisation of productive capacities.”
Source: The Daily Hodl
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Courtesy of Dinar Guru
Mnt Goat Well the RV has not yet happened in Iraq nor has the reinstatement of the dinar. As far as the banks are concerned there is still the US Treasury OFAC sanctions in place on the Iraqi dinar. This is not just my opinion but FACT...I was told by my CBI contact to expect the new rate on FOREX, however it did not occur, as stated. So...I inquired on my weekly call to Iraq and asked what happened. I was told it was stopped due to the US Treasury audits of many of the major banks in Iraq...
Frank26 About two weeks ago it was nothing but IMF, last week it was nothing but the government of Iraq and now this week it's all about the CBI. The CBI took the microphone, 'Get out of our way!'... Who? Basically themselves. Who's in charge of monetary reform? CBI. Who's gonna receive the new exchange rate? The GOI. Who's doing all this? Alaq, the governor of the CBI and Sudani the PM of Iraq. They're sitting there saying, 'Get out of our way.' Who? Mainly those little things are Iran. It's the parliament in Iraq which is Iran influenced...
We need sovereignty Iraq needs to be left alone
Nader: 7-26-2023
FED DAY IS HERE! IMPORTANT UPDATES. EXPECT CURRENCY DEVALUATION TO ACCELERATE.
Greg Mannarino: 7-26-2023