20 Countries Ready To Join BRICS & Accept the New Currency
The BRICS alliance is receiving interest from developing countries who aim to join the bloc and accept the new currency. A total of 20 countries are now looking to join BRICS to dethrone the U.S. dollar’s global reserve status. The expansion of BRICS to BRICS+ will be decided in the next summit in Cape Town, South Africa in August. If more countries join BRICS and accept the new currency, the U.S. dollar will have fewer paths to fund its deficit. Also Read: After BRICS , 10 ASEAN Countries Ditch The U.S. Dollar Therefore, BRICS+ is dangerous to the U.S. dollar, as the yet-to-be-released currency could send it on a path of decline. The development might wreak havoc on the American economy and hamper a handful of financial sectors. Read here to know which industries will be impacted if more countries join BRICS and trade with the new currency. “Thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day...