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Iran Joins BRICS to Reduce Reliance on Western Economic Systems
Iran joins BRICS, aiming to mitigate US sanctions and challenge Western economic dominance, amidst mixed reactions and uncertain benefits.
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BRICS Alliance Considers Creating New Currency
The BRICS alliance, comprised of Brazil, Russia, India, China, and South Africa, is reportedly exploring the possibility of creating its own currency, according to a top Russian official. Alexander Babakov, State Duma Deputy Chairman, stated that the currency could be based on new monetary ties and could be secured by gold and other commodities. The move is seen as a way to distance the BRICS nations from US dollar hegemony and to promote their shared objectives.
