November 16, 2024

BRICS | BRICS Token | WEB3.0 ERA of BRICS

News about BRICS, gold-backed BRICS currency and new era economics, after-dollar world

China and Russia have had a big influence on which countries have been selected

1 min read
Jim O’Neill on the expansion of BRICS

The five-nation BRICS group of major emerging economies has invited Iran, Saudi Arabia and four other countries to join its ranks – part of its plan to put voices of the Global South at the centre of the world agenda.

The announcement was made as the bloc’s annual summit wrapped up in Johannesburg.

Since 2010, BRICS has been comprised of five countries – Brazil, Russia, India, China, and South Africa.

That’s set to change in January next year, when the new recruits – Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates – would join.

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