BRICS Common Currency | Indepth | Drishti IAS 

In a bid to deepen ties in Asia and Africa, the heads of the BRICS nations (Brazil, Russia, India, China, and South Africa) are scheduled to meet in Cape Town, South Africa on August 22-24 this year. The bloc, which is seen as a counter to the G7, is also mulling expansion.The BRICS nations’ foreign ministers met in Cape Town on June 2, 2023, to strengthen the bloc’s influence globally. Expansion was on agenda as ministers from Algeria, Argentina, Iran, Saudi Arabia, the United Arab Emirates, Egypt, and Kazakhstan were also present.In a post-meeting statement, South Africa’s foreign minister Naledi Pandor said that Shanghai-based New Development Bank (NDB) had briefed the BRICS minsters about potentially using alternative currencies to ensure the bloc does not become victim to sanctions which affect countries not involved in the original issue. The bloc also issued a joint statement titled The cape of good hope’, underscoring the use of local currencies in international trade and financial transactions between BRICS and its trade partners. The BRICS represent 41% of the global population, 24% of the world’s GDP, and conducts 16% of the world’s trade.
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👉 𝐏𝐫𝐞𝐥𝐢𝐦𝐬 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐒𝐞𝐫𝐢𝐞𝐬 की पुस्तकें (संपूर्ण सेट एक साथ) खरीदने के लिये निम्नलिखित लिंक्स का प्रयोग करें:
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𝐀𝐦𝐚𝐳𝐨𝐧: amzn.to/2VqvH8S
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👉 𝐐𝐮𝐢𝐜𝐤 𝐁𝐨𝐨𝐤 𝐒𝐞𝐫𝐢𝐞𝐬 की पुस्तकें (संपूर्ण सेट एक साथ) खरीदने के लिये निम्नलिखित लिंक्स का प्रयोग करें:
𝐃𝐫𝐢𝐬𝐡𝐭𝐢 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: bit.ly/36u5qwD
𝐀𝐦𝐚𝐳𝐨𝐧: amzn.to/3lvMjGX
𝐅𝐥𝐢𝐩𝐤𝐚𝐫𝐭: bit.ly/37lO3NS
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👉 𝐌𝐚𝐢𝐧𝐬 𝐂𝐚𝐩𝐬𝐮𝐥𝐞 𝐒𝐞𝐫𝐢𝐞𝐬 की पुस्तकें खरीदने के लिये निम्नलिखित लिंक्स का प्रयोग करें:
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𝐀𝐦𝐚𝐳𝐨𝐧: amzn.to/2HYgpF9
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𝐀𝐦𝐚𝐳𝐨𝐧: amzn.to/3bbxw2L
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