if Saudi Arabia Accepts BRICS Currency than whats happen ?
if Saudi Arabia Accepts BRICS Currency than whats happen ? The BRICS alliance is looking to create a new currency to settle international trade and dethrone the U.S. dollar from its global status. If the new BRICS currency gains the trust of other countries, the U.S. dollar could be the first to fall. The global financial power will shift from the West to the East creating a new world order. Saudi Arabia is one among the 19 countries that are looking to join the alliance and accept the new currency, reported Bloomberg. If Saudi Arabia joins BRICS or trades with the yet-to-be-released currency, the U.S. could face severe implications.If Saudi Arabia joins BRICS or trades with the yet-to-be-released currency, the U.S. could face severe implications. Saudi Arabia’s membership would strengthen the economic power of the BRICS bloc. Saudi is among the world’s largest oil producers and exporters, and it possesses significant reserves of oil and natural gas. This could enhance the energy ...
