BRICS in Brief

Date & title : Jul 12, 2022 Another BRICS Summit just concluded in China as the global order is shifting with emerging economies given this economic bloc has 41% of global population, produced 24% of Global GDP, and 16% of global trade.

Excerpt from YouTube channel The Geopolitics In Conflict Show.
Caption:
One thing is sure: In the coming years, BRICS will certainly challenge the European Union (EU) as IMF estimates, the BRICS nations will account for over 50% of global GDP by 2030.

Note - the contention/competition is regarding "money" or exchange used. At the moment its dominated by only 1 , USD & SWIFT!