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The latest report indicates that 36 countries have applied to join the BRICS alliance this year in 2024. All 36 countries have formally submitted their expression of interest to join the bloc, confirmed South Africa’s Foreign Minister Naledi Pandor. All the three dozen nations that have applied to be a part of the grouping are developing economies. Also Read: BRICS Urges Middle East To Ditch US Dollar For Oil Trade The recent developments indicate that developing countries look at the BRICS alliance as a promising bloc that can change their economies for good. BRICS is looking at ways to end dependency on the US dollar and promote local currencies for cross-border transactions. However, Pandor did not mention the names of the 36 countries that have expressed their interest in joining the BRICS alliance. BRICS: 36 Countries Read To Join BRICS Alliance in 2024 Source: Reuters The prospect of using local currencies instead of the US dollar is enticing to developing co...

A handful of nations have expressed interest to join the BRICS alliance months before the next summit in August. The number of countries willing for a BRICS inclusion is growing, indicating that the U.S. dollar is at risk. The move could tilt the global powers from the West to the East ushering in a new financial landscape. Also Read: Russia Makes Huge Announcement on BRICS Currency Therefore, the U.S. dollar stands at a turning point in history as its fate could be sealed depending on how well the soon-to-be-released BRICS currency performs in the international markets. Read here to know how many sectors in the U.S. could be affected if BRICS launch their new currency. BRICS: 22 Countries Formally Apply For Membership Source: VCG / ChinaDaily.com.cn In the latest update, 22 countries have formally applied to join the BRICS alliance, confirmed South African ambassador Anil Sooklal to Bloomberg on Thursday. The countries aim to gain BRICS membership and be a part of the de...