BRICS summit, economic shift: Exploring a new currency and possible de-dollarization alarabiya.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alarabiya.net Daily Mail and Mail on Sunday newspapers.
At least a dozen countries expressed their interest in joining the bloc, comprising Brazil, Russia, India, China, and South Africa, but the International Relation Minister said Brics was not yet ready to accept them.
The foreign ministers of Brazil, Russia, India, China and South Africa convened in Cape Town earlier Thursday to discuss how the bloc can win greater global influence and to challenge the US. While they didn’t reach firm conclusions, the use of alternative currencies was among the prominent talking points.
BRICS foreign ministers meeting in Cape Town did not discuss the Russian President, but instead focused on ways to make the bloc stronger, said the Minister of International Relations and Cooperation.