Source Image: Dilok Klaisataporn
The BRICS alliance has emerged as a dynamic force with a vision that extends beyond mere cooperation. At its core lies the ambition to establish a global economic system where nations can freely trade using their own currencies, thus reducing reliance on foreign organisations and currencies. This approach is also encapsulated in the “BRICS Plus” concept, signifying an expansion of the BRICS group to include additional member countries. The recent inclusion of Iran, Egypt, Ethiopia, Saudi Arabia, and the United Arab Emirates (UAE), from January 2024, marks a significant milestone in the evolution of BRICS.
Although Argentina was to join the expanded BRICS club as well—towards the end of 2023, it decided not to join due to a policy shift under President Javier Milei, marking a significant geopolitical move under the new leadership. The expansion…
