Six New Members To Join BRICS, Move Towards Establishing A Single Currency

Countries set to join the economic alliance: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE), which would take effect January 1st, 2024.

Sep 11, 2023

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JOHANNESBURG - After six new members were announced to be added to BRICS, Russia says that the emerging economic Bloc is moving towards establishing a single currency, adding that it will be a "long and difficult process" to get there.

According to South African President Cyril Ramaphosa last month, the BRICS members decided to invite the following countries to join the economic Bloc: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE), which would take effect January 1st, 2024.

The new additions will cause the BRICS economic alliance to grow to cover 37% of the world's combined GDP, and contain 46% of the global population:

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