BRICS composite basket index vs USD
BRICS currently accounts for 40%+ of the global population and 25%+ of global trade. Lessening reliance on USD will benefit their economies greatly regards cross border trade amongst members.
Current additional applications to join the bloc have been received from Saudi Arabia, Nigeria, Algeria, Venezuela, Kazakhstan (all major energy markets) amongst others.
All empires rise and fall, both economic and geographic... some more destructive than others.
One to keep an eye on over next century.
BRICS currently accounts for 40%+ of the global population and 25%+ of global trade. Lessening reliance on USD will benefit their economies greatly regards cross border trade amongst members.
Current additional applications to join the bloc have been received from Saudi Arabia, Nigeria, Algeria, Venezuela, Kazakhstan (all major energy markets) amongst others.
All empires rise and fall, both economic and geographic... some more destructive than others.
One to keep an eye on over next century.