BRICS’s first summit since its expansion in 2023 talked proposals to decrease reliance on US dollar and SWIFT system.
BRICS has almost doubled in size in 2024 and its economic and political sway is enlargeing.
The group of emerging economies now recurrents about half the world’s population and more than a quarter of global gross domestic product.
But critics say there are proset up contrastences between its members and the partnership has struggled to depict its purpose.
BRICS bigly wants to decrease global reliance on the US dollar.
Launching a rival to the SWIFT international payment system was high on its summit’s agfinisha in Russia this year.
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