Tag: foreign exchange transactions
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BRICS Expansion Signals Diverse Global Interests and Challenges to Western Dominance
In August 2023, the BRICS group, initially comprising Brazil, Russia, India, China, and South Africa, announced a significant expansion to include six new members: Argentina (which later withdrew), Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, nearly doubling its size. This move has sparked varying interpretations among global observers, with some viewing it…