In opposition to the Western sphere of dominance, the group aims to strengthen economic cooperation amongst its member nations.
In 2023, invitations to join BRICS were extended to Saudi Arabia, Iran, Ethiopia, the United Arab Emirates, Egypt, and Argentina.
If a nation or human utters that you have to always live using authority, that power would create anger in the human mind. Entire people will join against the authority, and revolution would occur. That revolution is considered de-dollarization.
India plays major role in de-dollarization. In fact India would be in primary place to perform de-dollarization. That too India is joining with china. Will America soon give-up in de-dollarization? We should understand the point of de-dollarization. when was this dollar used by all nations?
In the second world war America provided loans for many nations and at that time America didn’t participate in war but, after providing loans America says only I can save you in this second war and entered in the battlefield and told Iam the supreme nation to all nations. And says let set a common system like UN council and Iam the head of all system, and made all nations to buy dollar and started all trades in dollar. All Western countries were used dollar. That’s how world dollar system evolved. Now we all are mentally made up this dollar system currently.
India, China, Russia, Brazil, and South Africa are most significant nations. If we considered population of this world, these five nations carry 45% of total. In same way if take GDP(Gross domestic product) of world again these nations will occupy 50% in five years, but expanding BRICS this will accelerate immediately. India’s growth is more significant. If other nations have inflation and economic crisis, no one can near the growth of India’s developments. IMF (International Monetary Fund) has strong belief in this. Many western countries were afraid of BRICS and its growth. To prevent the association of BRICS which held in 2023 in South Africa in august, there were many complaints and problems raised against Vladimir Putin president of Russia by western countries. So there was a talk of changing the place of BRICS association but, president of South Africa told strongly it will held in South Africa only which was a big slap to western countries because south Africa has became strong and started voice out with the support of BRICS nations. They didn’t just speak, they begum to roar.
Kenya’s president stated that Kenya joins hands with Djibouti nation and does large scale trade, while trading we have to look for dollars. How did we get dollars? What is the relationship between dollar and us? Why should we depend on dollar? And why not with our own currency. So we will create our currency and own path. Let us join with the nation who respects our currency. He stated that this is revolution. De-dollarization is not the slogan of today or yesterday, it is because of huge anger. Every human would show his anger against power. Each nation would express its anger, like-wise de-dollarization have emerged. BRICS have huge impact on this.
TO be continued….
