BRICS has become eleven countries instead of five.

[be.open]

Meanwhile, Russian Ambassador to the Republic of South Africa Ilya Rogachev, at a meeting with UAE Ambassador Mahash Saeed Al Hameli in Pretoria, presented a banknote of 100 BRICS, Iranian agency Irna reports.

[dothebeats]

Well, this is definitely something, that is a very bold thing to do and a loud statement regarding de-dollarization. Just last August 25, India’s Oil and Gas Minister Hardeep Singh Puri told CNBC that India is currently not aiming for de-dollarization for it will take years for any country and international organization to even reach the same journey and status the US dollar has. However, after this stunt by Ilya Rogachev (Russia's Ambassador), where the flag of India is a part of the banknote it seems like Hardeep Singh Puri wasn't telling the whole truth, or perhaps this is the beginning of the long journey he has stated for de-dollarization. Nevertheless, I am interested and excited to know what other members of this forum see this stunt as and what it could mean for the BRICS, is it a statement that they really are an international alliance for de-dollarization or not? This will surely start a good discussion following up on the new eleven members of the BRICS.

English source of the news: https://tass.com/politics/1670783
Hardeep Singh Puri's interview with CNBC: https://www.cnbc.com/2023/08/25/de-dollarization-a-long-way-off-india-oil-minister-hardeep-singh-puri.html

[DrBeer]

Meanwhile, Russian Ambassador to the Republic of South Africa Ilya Rogachev, at a meeting with UAE Ambassador Mahash Saeed Al Hameli in Pretoria, presented a banknote of 100 BRICS, Iranian agency Irna reports.

Printing papers that are worthless is what russia is really good at

It's good that they had enough for 1 piece of paper, because there is a problem:
"Russia did not have the threads and inks to print books. For a year and a half after the introduction of EU sanctions, the largest Russian printers could not find a domestic substitute for imported materials for printing books, representatives of the industry told RBC."

I understand further there will be money to cut out independently, and then independently color !??

Well, come on, laughed and will be.
But we all understand perfectly well that there will be no "BRICS currency", at best all except India (it is smart), China will pull its yuan, and everyone will happily swallow it, then really realize that swallowed that something very tasty and causing diarrhea of local economies. But this is another story, and we will talk about it, perhaps, a little later

And as always a simple question - if India financially "fucked" Russia, buying oil for non-convertible rupees, and today the amount of frozen funds is about 40 billion dollars (Russia is not available to HER money), with the Indian rupee is secured by the largest economy, what will be the value and security of this multi-colored paper and who will need it ?

[pooya87]

Nevertheless, I am interested and excited to know what other members of this forum see this stunt as and what it could mean for the BRICS, is it a statement that they really are an international alliance for de-dollarization or not?

As the article clearly stated, this is a symbolic move.

As I've said many times dedollarisation is already happening with or without the BRICS currency. Many countries across the globe (specially those in certain groups like SCO, BRICS, ASEAN, etc.) are already replacing dollar with other currencies including their own in a portion of their international trades.

Introducing "BRICS currency" would mean speeding up that process by introducing a solid and international replacement that everyone can use but is a currency that is not controlled by a single power. Which is the most important distinction with the dollar that US keeps printing willy-nilly.
But revealing this symbolically is still a big move. I think of it as bitcoin in 2008 that is not yet released but we have seen what it could look like and know how its release is going to change the world.

[coupable]

I do not understand why he wants to link the standard of living in some European countries with the reality of corruption in the countries that were colonized by those countries.

Because if you take away "economy" from the West there is nothing else left. There would be no technology, no advances, no resources, no culture, no society and last but not least no democracy. And worst of all they, specially Europe, would go back to the stone ages where they fight each other for scarce resources like they were doing in years before World War 2 when there was at least a big war every year between different countries in Europe!

The high rates of consumption in the West compared to its resources also explain this. Europe is moving as an integrated entity and will continue to defend its interests no matter the cost.
I would like to clarify that the countries that still depend on resources from their colonies are France, Britain, and the United States. Since it acts according to the logic of thugs in all parts of the world and intervenes by all means to protect its interests.
The world today is in the process of being reshaped, and I hope that multipolarity will help achieve some kind of stability in the global economy according to consensus.

[DrBeer]

Broadcasting selectively one positive, I suggest not to forget about the facts, less pleasant

- BRICS members India and Brazil opposed China's proposal to expand the alliance at the expense of developing countries. About it writes Bloomberg. These two members of the alliance opposed the inclusion of Indonesia and Saudi Arabia, which was advocated by China.
- The Indian authorities announced that they would not participate in the project to create a BRICS currency, which would reduce the use of the U.S. dollar in international settlements. I told you - India is a smart country !
- "New Delhi may still have a strong relationship with Moscow - for example, after the invasion of Ukraine, Russia became India's main oil supplier - but India's gradual separation from Russia is inevitable. Russia's importance as a partner for India will only diminish over time. This is based on the realization of several things, primarily that Russia is likely to continue sliding into direct dependence on China, and that India's ambitions do not fit within the context of the India-Russia partnership. The China-India border conflict in 2020 has led to the realization that India now views China as an existential threat to national security."
- The G7 and the EU have buried the BRICS. India is shifting its vector towards the West and has embarked on a military and economic rapprochement with the US, EU and UK.

[Tony116]

Broadcasting selectively one positive, I suggest not to forget about the facts, less pleasant

- BRICS members India and Brazil opposed China's proposal to expand the alliance at the expense of developing countries. About it writes Bloomberg. These two members of the alliance opposed the inclusion of Indonesia and Saudi Arabia, which was advocated by China.
- The Indian authorities announced that they would not participate in the project to create a BRICS currency, which would reduce the use of the U.S. dollar in international settlements. I told you - India is a smart country !
- "New Delhi may still have a strong relationship with Moscow - for example, after the invasion of Ukraine, Russia became India's main oil supplier - but India's gradual separation from Russia is inevitable. Russia's importance as a partner for India will only diminish over time. This is based on the realization of several things, primarily that Russia is likely to continue sliding into direct dependence on China, and that India's ambitions do not fit within the context of the India-Russia partnership. The China-India border conflict in 2020 has led to the realization that India now views China as an existential threat to national security."
- The G7 and the EU have buried the BRICS. India is shifting its vector towards the West and has embarked on a military and economic rapprochement with the US, EU and UK.

I haven't heard the news you are talking about and the thing is that India is still a BRICS member and there is no news about them leaving BRICS, that's what I know at the moment.

Moreover, for example what you said is true and India's departure from BRICS is not too serious as the bloc still has 10 members and will continue to expand in the coming years. If the bloc loses India, it does not mean they have collapsed or failed. No one has said India is the center or sole leader of BRICS, so there is nothing to worry about if they really leave to get closer to the West and America. But until now they are still members of BRICS, .

[pooya87]

~
The high rates of consumption in the West compared to its resources also explain this. Europe is moving as an integrated entity and will continue to defend its interests no matter the cost.
I would like to clarify that the countries that still depend on resources from their colonies are France, Britain, and the United States. Since it acts according to the logic of thugs in all parts of the world and intervenes by all means to protect its interests.
The world today is in the process of being reshaped, and I hope that multipolarity will help achieve some kind of stability in the global economy according to consensus.

Exactly and this is the problem we are facing. And at this point the last arrow in NATO's quiver to protect their hegemony is armed conflict.

The current strategy is to try to open up as many theater of operations as they can to divert the focus on NATO to somewhere else. One of these theaters is across West Asia and North Africa (the US Middle East focus). I've already posted multiple times about these theaters in different dedollarisation topics explaining how US has been increasing tensions in the area and as predicted presently it has led to multiple small scale armed conflict mainly in Syria as the resistance (+Syrian+Iranian+Russian armies) have been facing the revival of US backed Da'esh terrorists among other Takfiri groups.
In Iran we are already bracing for a wave of terrorist attacks that the Western Propaganda Media is going to refer to as "protests" like last year. There was already a terrorist attack by Da'esh in Shiraz about 3 weeks ago and over a dozen neutralized bombing attempts which is believed to increase in September[1].

The other main theater is going to be in Iraq and Lebanon, both of the have already been facing terrorist attacks and an increased movement by the US military moving in forces and equipment some of which has been bombed and destroyed by the resistance but they keep coming.

Another theater is going to be Azerbaijan that is currently moving all the military strength and the reserves they have to the Armenian border preparing for their large scale invasion, in which case there is a strong possibility that Iran would enter and bomb them back to stone ages according to the Geneva Conventions. The biggest problem in this theater is that if Baku invades its neighbor, it has tendency to grow real fast pulling Turkey in (desperately trying to build the artificial "Big Turkistan") and then expand to the rest of the region as the entire Turkish oblong geography will be attacked heavily from the South. Apart from the fact that Turkey is a NATO member and NATO is not capable of helping it, there is also the fact that half of Turkey (from big industries to lands) was sold to the Arabs over the past month or two as Erdogan desperately tries to get some money into the failing Turkish economy. This could also pull Saudi, et al in to protect their "assets".

For now I'll keep an eye on US Navy. If they evacuate the Iranian waters (ie. Persian Gulf and Makran Sea) and go way deep into the Indian ocean (2k-3k kilometers away) it is a strong signal of starting a large scale war.
Hopefully these threats are going to be neutralized before they can grow, like previous times.

[1] Interesting fact about September is that the Zionist terrorists consider this month the "month of blood" and historically they have committed majority of their bloodshed in this month that goes from assassinations and bombings all the way to 9-11.

[DrBeer]

.....
I haven't heard the news you are talking about and the thing is that India is still a BRICS member and there is no news about them leaving BRICS, that's what I know at the moment.

Moreover, for example what you said is true and India's departure from BRICS is not too serious as the bloc still has 10 members and will continue to expand in the coming years. If the bloc loses India, it does not mean they have collapsed or failed. No one has said India is the center or sole leader of BRICS, so there is nothing to worry about if they really leave to get closer to the West and America. But until now they are still members of BRICS, .

All this information, it is very easy to find on news and official resources to make sure. Yes, you will not find them on Chinese, Russian and Iranian pages - there the information is heavily moderated, and any negative, or going against fairy-tale dreams, news is not published accordingly.

Also read interviews with representatives of the countries, information about meetings and negotiations. There is a real picture there

[Wind_FURY]

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order,

It's going to be a game of hot potato between the BRICS countries because they'll be dropping each other's currencies to hold the U.S. Dollar.

especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

But which of the BRICS countries want their currency to be THE "reserve currency"? They haven't identified one yet. Will it be the Chinese Yuan? I would doubt that China wants to be the BRICS reserve currency because they couldn't devalue it anymore to support manufacturing and exports.

It's also very laughable that China is using the "BRICS movement" as anti-U.S. propaganda but still holds about $3 trillion U.S. Dollars in its reserves.

[blckhawk]

I don't feel like there's anything scary about all these joining forces, isn't India not in with the idea of a BRICS currency rather they want rupee to be used more in international trades? Putin just like other paranoid and corrupt government out there, the speech seems pretty flimsy. The way all these news about BRICS are, they all seem like they don't know what they're doing and each country that's a member is trying to undermine each other instead of really cooperating.

[Sayeds56]

Economic unions, as history shows, are constantly transforming. The political situation in countries can change dramatically, and one or another economic union will simply lose its relevance. The larger BRICS becomes, the more internal disputes and disagreements will arise.

It is true that throughout the history, economic unions are constantly subject to evolution due to fluctuations in the political landscape, which can lead to significant shifts overtime and it can make a specific economic union obsolete. It is possible that with the increased membership of the countries, internal disputes and divergences may come on the forefront.

Nevertheless, the positive side of expanding membership of BRICS is that, it can potentially provide opportunities to the citizens of these nations to improve their quality of life by taking advantage of these favorable circumstances.

[DrBeer]

I don't feel like there's anything scary about all these joining forces, isn't India not in with the idea of a BRICS currency rather they want rupee to be used more in international trades? Putin just like other paranoid and corrupt government out there, the speech seems pretty flimsy. The way all these news about BRICS are, they all seem like they don't know what they're doing and each country that's a member is trying to undermine each other instead of really cooperating.

India is precisely one of the main opponents of the introduction of any “single BRICS currency.” Moreover, India officially says that creating an alternative to the dollar is IMPOSSIBLE at the moment and in the medium term! No, we don’t DO NOT WANT, but we CANNOT, because he understands that in the world, and especially in the BRICS union, there is not a single economy, not a single currency that could replace the US dollar in terms of convenience, reliability and liquidity. And that is why it is moving away from financial unions and relationships with China and Russia in favor of the West and the dollar. There are still political issues with China related to the conflict between the two countries in the recent past.

[serveria.com]

I haven't heard the news you are talking about and the thing is that India is still a BRICS member and there is no news about them leaving BRICS, that's what I know at the moment.

Moreover, for example what you said is true and India's departure from BRICS is not too serious as the bloc still has 10 members and will continue to expand in the coming years. If the bloc loses India, it does not mean they have collapsed or failed. No one has said India is the center or sole leader of BRICS, so there is nothing to worry about if they really leave to get closer to the West and America. But until now they are still members of BRICS, .

Of course you haven't heard it because it never happened. This sick troll is known for making things up. Don't even try to verify this info - it's a
complete propaganda BS. Next he is probably going to try to avoid providing the source by switching topics or saying something general like "go find it online" or "google it".  It's better to ignore him, credibility of his posts is zero.

[WillyAp]

India is precisely one of the main opponents of the introduction of any “single BRICS currency.” Moreover, India officially says that creating an alternative to the dollar is IMPOSSIBLE at the moment and in the medium term!

Thats right China and India are in conflict.
The only thing holding the loose organistation BRICS together is the desire to not use the dollar.
In view of its age, 10+ years nothing will come out of that.

[Franctoshi]

Gradually the agenda is becoming a reality, Some Countries are beginning to get tired of the United States dollar dominancy, and I see more countries joining too, and with how things are going right now, China and Russia are following methods that the US used to become present world power, basically to gradually get more allies across the world to join.

[Argoo]

Meanwhile, Russian Ambassador to the Republic of South Africa Ilya Rogachev, at a meeting with UAE Ambassador Mahash Saeed Al Hameli in Pretoria, presented a banknote of 100 BRICS, Iranian agency Irna reports.

The article you linked to states that at the party of the UAE Embassy in Pretoria, which took place on Tuesday evening on the occasion of the country's admission to BRICS membership, the Russian Ambassador to South Africa made a short speech and presented the UAE Ambassador with a symbolic banknote of one hundred units of countries BRICS. This banknote is purely symbolic, such money does not exist, it does not even indicate the name of this monetary unit. That is, this symbolic banknote has no practical significance for the emergence of a single currency of the BRICS countries.
There are still different rumors and opinions surrounding the single currency of the BRICS countries, but we have not yet heard at the official level that there will be such a currency and what kind it will be.

[DrBeer]

India is precisely one of the main opponents of the introduction of any “single BRICS currency.” Moreover, India officially says that creating an alternative to the dollar is IMPOSSIBLE at the moment and in the medium term!

Thats right China and India are in conflict.
The only thing holding the loose organistation BRICS together is the desire to not use the dollar.
In view of its age, 10+ years nothing will come out of that.

Are you sure about your assumption? I wouldn't be so categorical if I were you, given the reality
1. India doesn't want any BRICS currencies, yuan or anything else. India believes that the currency of international settlements favorable to India is the international market with the international currency - the US Dollar. Moreover, I have already written above - India does not see the PERSPECTIVES of replacing the dollar. India does not want yuan, reals or rubles. It wants to sell for a stable secured dollar and receive a stable secured dollar. Because it is convenient, profitable, safe. Because for example for yuan you can buy only from China, and for dollar - from the WHOLE WORLD. Do you understand the difference? Especially for a country well integrated into the Western economy.
2. Other BRICS countries do not want the dollar ? They want dollars ! But some "offended" countries are not given dollars ! And all these fake "claims" about "dedolarization" are their hysteria. Russia VERY much needs dollars. But it fell for some fairy tales of China and India, and now it sells 90%+ of its oil for rupees and yuans, which all the storages are full of, but they are forbidden to exchange them for dollars ... India and China And Russia falls out of purchases of critical goods and decisions on the WORLD market, because there neither rupee, nor yuan, nor, for example, any BRICSlar (Brix dollar ) NOBODY NEEDS )
3. Now let's look at the economies of the BRICS members. They are not self-sufficient and cannot exist in an isolated "zoo" of BRICS. In the "best" case, what China hopes for and what India opposes - all participants will switch to the yuan, and will... buy everything from China, saving its economy. At the same time, China does not give up the dollar, just as it does not give up US government bonds, and continues to sell to the world economy for DOLLARS
Do you realize now what an interesting game is going on ?

[Tony116]

I haven't heard the news you are talking about and the thing is that India is still a BRICS member and there is no news about them leaving BRICS, that's what I know at the moment.

Moreover, for example what you said is true and India's departure from BRICS is not too serious as the bloc still has 10 members and will continue to expand in the coming years. If the bloc loses India, it does not mean they have collapsed or failed. No one has said India is the center or sole leader of BRICS, so there is nothing to worry about if they really leave to get closer to the West and America. But until now they are still members of BRICS, .

Of course you haven't heard it because it never happened. This sick troll is known for making things up. Don't even try to verify this info - it's a
complete propaganda BS. Next he is probably going to try to avoid providing the source by switching topics or saying something general like "go find it online" or "google it".  It's better to ignore him, credibility of his posts is zero.

I found some news from my local newspapers and what I got from the article was the meeting between prime minister Modi and president Biden. The two sides only discussed mainly technology cooperation, education... and affirmed the close, long-term cooperative relationship between the two countries. I don't see any news like DrBear mentioned. And as I know, whether there is war or competition, countries still have cooperative relationships in different fields. Like Russia and some EU countries are still doing business in the LPG gas market even though they are each other's main enemies on the battlefield in Ukraine. Furthermore, India and the US have always had a good relationship for many years but that did not prevent India from joining the BRICS bloc. In short, I didn't see any news like what he mentioned.

[DrBeer]

I found some news from my local newspapers and what I got from the article was the meeting between prime minister Modi and president Biden. The two sides only discussed mainly technology cooperation, education... and affirmed the close, long-term cooperative relationship between the two countries. I don't see any news like DrBear mentioned. And as I know, whether there is war or competition, countries still have cooperative relationships in different fields. Like Russia and some EU countries are still doing business in the LPG gas market even though they are each other's main enemies on the battlefield in Ukraine. Furthermore, India and the US have always had a good relationship for many years but that did not prevent India from joining the BRICS bloc. In short, I didn't see any news like what he mentioned.

Specify which news I mentioned you couldn't find ? I'll help you
Just without "water" - a specific event for which you could not get confirmation ? And I will give you adequate resources and sources of data, among which there will be no media of cheap propaganda. The modern world is beautiful with the availability of information and the ability to verify it. That is why, in Russia, where propaganda pours out of all channels, any other sources of information are banned and blocked except for those controlled by the state.... Otherwise, the empire of lies will collapse!