More Than 20 Countries Apply To Join BRICS in 2025
The number of countries that are applying to join the BRICS alliance is intensifying in 2025. Developing nations are drawn towards the bloc as it provides alternative payment options for trade settlements other than the US dollar. Emerging economies could gain a chance to use their local currencies for cross-border transactions and strengthen their overall GDP. In addition, they aim to end dependency on the US dollar to make their local currency find weight in the forex markets. Also Read: BRICS: US Dollar Remains in High Demand, De-Dollarization Failing Read here to know how many sectors in the US will be affected if BRICS ditches the dollar in 2025. Developing countries could gain an upper hand in the global economy and make their local currencies stronger. The move could add pressure on the prospects of the US dollar making it lose out in the global supply and demand mechanism. Also Read: BRICS: India Likely Dumping the U.S. Dollar BRICS: Around 23 Countries Express Interest to Join...