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Economics , Sociology & Politics / Re: BRICS+
« on: May 20, 2024, 05:59:19 PM »It has been a long time since I heard about BRICS+, and it is good that you created this topic for discussion. I am from the United Arab Emirates and I can say that my country depends on the dollar in one way or another. The local currency is linked to a fixed value of the dollar, and the sale of natural gas is made in dollars, and investments in Ports require that sales be made in dollars.
Countries began to think seriously about BRICS+ after what happened with Russian assets and the possibility of freezing Arab assets in the United States (if a war occurred,) but these countries are still far from the integration that leads to the establishment of a real economic unit, especially with the differences between countries such as China, which is trying to reduce The value of its currency and oil-rich countries that want to increase the value of their currency.