The United Arab Emirates (UAE), Kingdom of Saudi Arabia and Egypt are among six nations that have been invited to join the BRICS group of nations, and will join it in Janurary 2024
What do you guys think what effects it will have on the global economy?
Correct. But it’s not a binary thing, but a spectrum. Look at it in the prospective of the last, let’s say, 30 years.
How much has USD declined from usage? How much have the trades in the local currencies increased?
How about the last 2 years in particular? Moreover, the counries of BRICS trade mainly in the local currencies.