Tuesday, December 26, 2023

Data..

 

According to new data from the World Bank, trade between BRICS nations is headed to reach $500 billion in 2024. While the value falls much below the average global trade, BRICS’ numbers are slowly yet steadily rising. The alliance is creating a foundation that could later turn into full-fledged trade agreements strengthening their native economies.

Overall idea of BRICS is to eventually cut ties with the US dollar and make local currencies thrive. The larger the trade numbers rise between BRICS, the bigger the threat grows to the US dollar. BRICS members China and Russia are aggressive in their de-dollarization efforts and are taking every step to make it a reality.

While US is busy starting wars somewhere and everywhere, others are building their own world.   Just a thought.

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