Saudi Arabia Officially Joins BRICS, XRP Price - Ripple/XRP-New U.S. Bill Traps The Fed/CBDC

Saudi Arabia Officially Joins BRICS, XRP Price - Ripple/XRP-New U.S. Bill Traps The Fed/CBDC

Jan. 3, 2024

Digital Perspectives

The foreign minister said the BRICS group was “a beneficial and important channel” for bolstering economic cooperation between member countries.

The group, which until January 1 included Brazil, Russia, India, China and South Africa, welcomed five new members on New Year’s Day.

Apart from Saudi Arabia, it now includes Egypt, Ethiopia, Iran and the UAE. Another prospective member, Argentina, made an abrupt U-turn on its accession plans after the presidential election in the country was won by Javier Milei late last year.

The group is expected to grow even larger later this year, with Venezuela seeking to become a permanent member at the next summit in Russia in October 2024.

https://www.rt.com/news/590048-saudi-arabia-joins-brics

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