BRICS Possibilities are Endless: Meteoric Impact to the Current World Order

BRICS: The grouping of the world economies of Brazil, Russia, India, China and South Africa has added 6 new members Iran, Saudi Arabia, Egypt, Ethiopia, Argentina and UAE will join BRICS+ from January 2024 The expanded group will account for 30% of the world’s GDP ($30 trillion) and a staggering 45% of world’s oil production (37 million bpd) IMPACT: This will have a meteoric impact to the current world order.  Members will trade with one another with their own local currencies. Over time, the formation of a common BRICS currency may further erode the influence of the greenback Petrodollar may…