Over the past month, BRICS has seen significant developments ranging from countries expressing interest in joining the bloc to the launch of an intra-bank payment system and financial system integration. In this video, we provide a comprehensive update on these key events and explore why countries like Malaysia, Thailand, Vietnam, and Turkey are keen to join BRICS. Discover the potential benefits for these nations, including economic opportunities, diversified partnerships, and increased market access. We also delve into the recent financial strides made by BRICS, the impact of new members, and the shift towards a multipolar world.
Key Highlights:
Malaysia's strategic move to join BRICS and the economic benefits it anticipates.
Thailand's intention to fortify its economy and global presence through BRICS membership.
Vietnam's potential as a candidate and its aspirations within the BRICS bloc.
Turkey's strategic goals and the benefits of exploring alternative economic platforms.
The integration of Russia and Iran's national payment systems, reducing reliance on the US dollar.
BRICS's financial strides, including the $100 billion foreign currency reserve fund and the New Development Bank's achievements.
The impact of new members like Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia on the bloc's economic potential.
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