There has been a growing sentiment against the U.S. hegemony, supremacy and coercion. The proposed launch of a BRICS common currency or de-dollarization aims to alter this status quo, potentially diminishing the American influence and power that is closely tied to the dollar’s dominance. The upcoming summit of BRICS, a group of major emerging economies – Brazil, Russia, India, China and South Africa, holds significant implications for global geopolitics, reported Modern Diplomacy. 2023 BRICS Summit: Lot of interest in how new members are chosen and which countries would be eligible. How is BRICS expected to shape modern diplomacy ?
