The nine-member BRICS group, which consists of china, Brazil, Russia, and india, was cautioned by President-elect donald trump on saturday not to replace the US dollar.
 
The only significant international organization that the US is not a member of is BRICS, which was established in 2009. Ethiopia, Egypt, Iran, South Africa, and the United Arab Emirates are among its other members. Some of its members, especially china and Russia, have been looking for a substitute for the US dollar or developing their own BRICS currency in recent years. india has not yet joined the movement.

Trump cautioned the BRICS countries against doing so on Saturday.
 
The president-elect said on his platform, Truth Social, that "the idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER."
 
Trump issued a warning, saying, "We need these countries to commit that they will not develop a new BRICS currency or support any other currency to replace the powerful US dollar. If they do, they will be subject to 100% tariffs and should expect to say goodbye to selling into the wonderful U.S. economy."
 
'They can go find another 'sucker!' There is no chance that the BRICS will replace the US Dollar in international Trade, and any Country that tries should wave goodbye to America,' he said.

The BRICS nations agreed to investigate the viability of a new unified currency at the 2023 summit in South Africa. Luiz Inacio Lula de Silva, the president of Brazil, presented a suggestion in this respect.
 
 
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SIBY JEYYA

01/12/2024 11:09 AM