24 Countries Ready To Accept BRICS Currency
A total of 24 countries are interested in accepting and trading with BRICS currency when it launches on the International stage. The group of developing countries is moving to bypass the U.S. dollar to settle global trade. The dollar’s dominance could weaken if the BRICS currency gains prominence, giving Eastern nations more financial power than the United States. South Africa’s BRICS ambassador Anil Sooklal said that 19 countries have shown their interest to join the alliance, reported Bloomberg. Sooklal confirmed that 13 countries have formally sent applications to join the BRICS alliance. He added that five other countries have informally requested to be a part of the block. Also Read: BRICS Alliance Promoting Native Currency Before Launching New Tender BRICS comprises five countries Brazil, Russia, India, China, and South Africa. Therefore, a total of 24 countries are participating to dethrone the U.S. dollar from its global reserve status. 24 Countries Interested In...