25 Nations Set to Join BRICS Crypto Revolution in 2024

• BRICS Expansion: 25 Nations Keen to Join in 2024
• Implications on US Sectors if BRICS Abandons the Dollar
• Identifying the 25 Nations Ready to Join BRICS
• BRICS Proposes $28 Billion Bonds in Local Currency
• The 16th BRICS Summit 2024

BRICS Expansion: 25 Nations Keen to Join in 2024

Confirmation came from President Vladimir Putin of Russia earlier this month, asserting that over 20 countries are prepared to become part of BRICS in 2024. Meanwhile, Anil Sooklal, the South African BRICS Ambassador, also disclosed that more than two dozen nations have expressed their interest in allying with the bloc. Recent data indicates that a total of 25 fresh nations wish to be included in the BRICS alliance in 2024.

Implications on US Sectors if BRICS Abandons the Dollar

For more insights on how US sectors might be impacted if BRICS decides to abandon the dollar, click here. Note that the BRICS Bank is planning to raise $3 billion in local currencies, bypassing the US Dollar. This suggests an imminent expansion and the possibility of BRICS evolving into a larger group if new countries are incorporated.

Identifying the 25 Nations Ready to Join BRICS

This article will spotlight the 25 nations that have shown readiness to align with the BRICS group in 2024. An impressive total of 25 nations have signaled their interest and have officially submitted their applications to ally with BRICS in the year 2024. There is a possibility of an increased number of nations expressing their interest to join this group. Find the comprehensive list of all nations eager to join the BRICS group in 2024 here.

BRICS Proposes $28 Billion Bonds in Local Currency

The BRICS group is also offering bonds valued at $28 Billion in local currency, moving away from the US dollar. The details of the nations who have applied for BRICS membership and those who have expressed their interest in becoming part of BRICS are available.

Of the total 25 nations, 10 have officially applied for BRICS membership, while the remaining 15 have only manifested interest to join the bloc, with their applications still pending. The decision concerning a new phase of expansion may likely be made at the upcoming BRICS summit scheduled for October 2024.

The 16th BRICS Summit 2024

The 16th BRICS summit, slated for 2024, will take place in the Kazan region of Russia. This significant event could mark the integration of new members and the beginning of an expanded BRICS alliance.

Edited by Jonathan Stoker