MOSCOW, September 24 BRICS expansion and possible de-dollarization of the world economy could lead to serious consequences for the United States, writes the New York Post.
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“The role of the dollar as the world’s key reserve currency is the basis of America’s global leadership,” the material says.
As the journalist pointed out, if the dollar ceases to be the main world currency as a result of the expansion of BRICS and the further development of this association, then Washington will lose its influence over other countries and will not be able to influence them in any way. De-dollarization could also lead to severe economic problems in the United States itself, he noted.
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“BRICS already has a significant presence in the world economy,” he concluded.
The next BRICS summit was held in Johannesburg on August 22-24 under the chairmanship of South Africa. It was attended by the leaders of China, India, Brazil and South Africa, with Lavrov representing Russia. Russian President Vladimir Putin participated in the summit via videoconference. During the summit, South African President Cyril Ramaphosa announced an official invitation to Argentina, Egypt, Iran, Ethiopia, the UAE and Saudi Arabia to join BRICS. He said that full membership of new countries that join BRICS will begin on January 1, 2024.