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More Countries Ready to Join BRICS Alliance


Mar, 07, 2025
2 min read
by Vinod Dsouza
for Watcher.Guru
More Countries Ready to Join BRICS Alliance

India’s Foreign Minister S. Jaishankar revealed that the number of countries ready to join the BRICS alliance is growing. Speaking at a session titled ‘India’s Rise and Role in the World’ in London, Jaishankar confirmed that the bloc is encouraging developing countries to break the norm and enter a new financial territory without having to depend on the US dollar for survival.

Also Read: The U.S. Dollar is Losing Luster: Reuters Poll

Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The BRICS alliance is spearheading the de-dollarization agenda in a goal of making local currencies the world’s reserve status. The move could realign the global financial sector tilting the power from the West to the East.

Also Read: US Dollar & Stock Market Weakens as Trump Tariffs Go Live

Number of Countries Wanting to Join BRICS Alliance Increasing

BRICS Leaders

Jaishankar emphasized that the BRICS alliance is “a very diverse group” and emerging economies find the bloc to be attractive. The unity in diversity is what’s pulling other countries towards it in a common agenda of de-dollarization. “I think clearly they must be doing something right. If so many countries want to join BRICS and so many countries actually have joined,” he said.

Also Read: De-Dollarization: Deutsche Bank Predicts The Future Of The US Dollar

“South Africa joined, then it has become a double-digit membership. And in 2024, last year in Kazan, we also added dialogue partners, the concept of dialogue partners,” Jaishankar said. He explained that countries even without geographical closeness want to join the BRICS alliance.

“We are an exception to the normal rules on which groups are formed. Normally countries who approximate geographically to each other or have some particular shared history or some kind of ethnic or linguistic commonality, this is normally the basis to create a group. Now, BRICS alliance defies all those assumptions. So it’s not like the Commonwealth, it’s not like the NATO, it’s not like the G7. It’s not like anything which had been conceptualized early,” he said.

Read the article at Watcher.Guru

Read More

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MainNewsMore Countri...

More Countries Ready to Join BRICS Alliance


Mar, 07, 2025
2 min read
by Vinod Dsouza
for Watcher.Guru
More Countries Ready to Join BRICS Alliance

India’s Foreign Minister S. Jaishankar revealed that the number of countries ready to join the BRICS alliance is growing. Speaking at a session titled ‘India’s Rise and Role in the World’ in London, Jaishankar confirmed that the bloc is encouraging developing countries to break the norm and enter a new financial territory without having to depend on the US dollar for survival.

Also Read: The U.S. Dollar is Losing Luster: Reuters Poll

Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The BRICS alliance is spearheading the de-dollarization agenda in a goal of making local currencies the world’s reserve status. The move could realign the global financial sector tilting the power from the West to the East.

Also Read: US Dollar & Stock Market Weakens as Trump Tariffs Go Live

Number of Countries Wanting to Join BRICS Alliance Increasing

BRICS Leaders

Jaishankar emphasized that the BRICS alliance is “a very diverse group” and emerging economies find the bloc to be attractive. The unity in diversity is what’s pulling other countries towards it in a common agenda of de-dollarization. “I think clearly they must be doing something right. If so many countries want to join BRICS and so many countries actually have joined,” he said.

Also Read: De-Dollarization: Deutsche Bank Predicts The Future Of The US Dollar

“South Africa joined, then it has become a double-digit membership. And in 2024, last year in Kazan, we also added dialogue partners, the concept of dialogue partners,” Jaishankar said. He explained that countries even without geographical closeness want to join the BRICS alliance.

“We are an exception to the normal rules on which groups are formed. Normally countries who approximate geographically to each other or have some particular shared history or some kind of ethnic or linguistic commonality, this is normally the basis to create a group. Now, BRICS alliance defies all those assumptions. So it’s not like the Commonwealth, it’s not like the NATO, it’s not like the G7. It’s not like anything which had been conceptualized early,” he said.

Read the article at Watcher.Guru

Read More

BRICS: 8 Strongest Currencies That Rule the World

BRICS: 8 Strongest Currencies That Rule the World

The forex market is dynamic with changes occurring every minute of the day’s trade. B...
Apr, 06, 2025
2 min read
by Watcher.Guru
BRICS: China & Brazil Officially Announce to Trade in Local Currencies

BRICS: China & Brazil Officially Announce to Trade in Local Currencies

BRICS members China and Brazil officially announced to settle payments in local curre...
Apr, 05, 2025
2 min read
by Watcher.Guru