BRICS challenges US Dollar Hegemony
2 years ago
8
BRICS IMPACT ANALYSIS by BEN NORTON
In its South Africa summit, BRICS invited six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. The bloc now represents 37% of global GDP (PPP), 40% of global oil production, and roughly 1/3rd of global gas production, challenging the US petrodollar system.
#BRICS #southafrica #brazil #india #russia #china #Egypt #Ethiopia #iran #saudiarabia #argentina
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