Reports suggesting “No US Dollar Mechanism being built for participants of BRICS 27 Trillion dollar Market.”

Global News Update with Mr. and Mrs. Beckmann

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“BRICS: Russia Confirms Building a New Payment System With No U.S. Dollar Mechanism

BRICS member Russia confirmed on Sunday that Kremlin is working towards building a new payment system without incorporating the U.S. dollar. Russia aims to build a new payment mechanism to settle cross-border transactions with BRICS and other developing countries bypassing the US dollar…”

Article Source: The Bit Times

“BRICS are expected to contribute more than 50% of global GDP by 2030

The five BRICS members (Brazil, Russia, India, China and South Africa) contributed 31.5% of global GDP in 2020, while the G7’s share fell to 30% in that year. The BRICS are expected to contribute more than 50% of global GDP by 2030”

Article Source: TV Brics

“Visualizing the BRICS Expansion in 4 Charts – $27.6 trillion

The original six BRICS members are expected to have a combined GDP of $27.6 trillion in 2023, representing 26.3% of the global total”

Article Source: Visual Capitalist
Image From Visual Capitalist

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