THE END! BRICS JUST DECLARED A Mega Dollar Dump | Sets To Usher A NEW Currency
THE END! BRICS JUST DECLARED A Mega Dollar Dump | Sets To Usher A NEW Currency
Tech Revolution: 8-2-2023
In South Africa, something important is about to happen. The leaders of Brazil, Russia, India, China, and South Africa are getting ready for the 15th BRICS Summit.
They will talk about big problems their countries face, and also issues affecting the whole world's economy.
Sources suggest that the main topic of the summit is finding better ways to make international payments for buying and selling things across countries.
They want to challenge the usual way of using the US dollar for these transactions. Many other developing countries also want to find different options to rely less on the US dollar, and the BRICS countries are leading the way in making this change happen.
We are excited to explore and understand this important mission. We will talk about how countries are trying to use less of the US dollar, and also the possibility of a shared currency for the BRICS nations. It will be a fascinating discussion.
The BRICS countries, that's Brazil, Russia, India, China, and South Africa are all set to gather and talk about something pretty cool - sustainable payment systems for their trade. They're getting tired of relying on the US dollar and want to find some alternatives.
This whole dollar thing has been causing a lot of uncertainty for the world economy, and experts are saying it's time for a change.
So, the BRICS nations are rolling up their sleeves and discussing how to make this happen. They're aiming to reduce their dependence on the dollar and make their moves in foreign trade. Oh, but it's not all smooth sailing.
There have been some Western sanctions cutting Russia off from the usual financial stuff, and that's pushed them even harder to find new ways. And guess what? South Africa's got some interesting ideas too. They're talking about using different currencies to avoid getting tangled up in those sanctions.
Some experts say one way to do this is by using their national currencies for trade. It could make things easier and cheaper, which is always good, right?
But they've got some work to do, like strengthening their money game, setting up better financial stuff, and making sure everyone's on board with their payment system. And hey, the BRICS and other countries have been gaining some serious street credit.
They now make up a whopping 31.5% of the global GDP, beating the G7 group. That's some real economic power right there. More and more countries are even showing interest in joining the BRICS club, like Algeria. They're looking to be a part of the action and put in some serious cash.
Now people are keeping their eyes peeled on this BRICS Summit because it's going to be a game-changer. They're about to shake things up in the world of trade and finance.
Who knows, maybe they'll soon come up with this new currency! As mentioned, we are expecting that BRICS will develop a new currency.
Now, they're all excited to talk about making better payment systems for their cross-border trade. It's a big deal because they want to reduce their reliance on the US dollar, you know, that green bill everyone uses.
The Russian Foreign Ministry is totally on board with this idea. They're highlighting how tricky it is to deal with their currencies, especially when compared to the dollar. So, they're looking into the possibility of coming up with a common currency for all the BRICS gangs.
That's a big task, but they're ready to take it on. The BRICS nations are done with the dollar dictating their trade game. Especially after facing some sanctions that cut them off from Western financial stuff.
So, they're all about exploring alternative currencies to make things smoother. Oh, and let me tell you about the previous summit. It went virtual in June 2022, and they were all about fostering high-quality partnerships and ushering in a new era of global development. This summit was a pretty unique one, as it went virtual, bringing together the leaders of Brazil, Russia, India, China, and South Africa, all from different corners of the world.
Despite the virtual setting, their determination to foster high-quality partnerships and create a new era for global development was palpable.
During the summit, they discussed some serious game-changers. They were all fired up about enhancing cooperation among the BRICS nations, strengthening their bonds, and making strides toward economic growth and sustainable development.
More Details In The Video: It was all about building a solid foundation for a more interconnected and prosperous future.