COLLECTIVE VOICE OF FIVE COUNTRIES….SIX MORE COUNTRIES INDUCTED.
BRI23CS summit 2023 highlights and outcomes”
The West are attempting to scare south African leaders & dismantle Bri23cs by pressing them to arrest PUTINE.The leader of South Africa said while interviewing media ” US CANNOT BULLY SOUTH AFRICA. Better before you lecture south Africa, arrest Tony Blair and George W Bush for war crimes in Middle east Certainly! BRI23cs is an acronym that represents a group of five major emerging economies: Brazil, Russia, India, China, and South Africa. These nations form a geopolitical alliance aimed at fostering cooperation and collaboration on various economic, political, and social fronts. BRI23cs serves as a platform for these countries to engage in dialogue and cooperation, and it has gained significant importance on the global stage since its inception in 2006..
BRI23CS economic cooperation initiatives discussed”
One of the primary objectives of BRI23cs is to promote economic growth and development among its member states. Collectively, these countries represent a significant portion of the world’s population and GDP. Their cooperation allows for the expansion of trade, investment, and technological exchange, enhancing economic opportunities for their citizens. Additionally, BRI3CS nations often advocate for reforms in global financial institutions like the International Monetary Fund (IMF) and the World Bank to better represent the interests of emerging economies.BRI23CS is also a platform for political cooperation & mutual support on international issues. The member states often align their positions on various global challenges, such as climate change, terrorism and nuclear disarmament. Their collective voice carries weight in international forum, and they work together to promote a multipolar world order that challenges the dominance of Western powers.
Trade partnerships strengthened at BRI23CS summit”
After joining South Africa the BR23C grouping (now BRI23CS) in 2010, various other countries have shown their interest to join the bloc, including Argentina and Iran. Both hinted their intent to join BRI23CS during meetings with senior Chinese officials, the current BRI23CS chair, over the course of the summer of 2022. Beijing backed Argentina’s potential accession following a meeting between Argentine Foreign Minister Santiago Cafiero and Chinese State Councilor and Foreign Minister of China on the margins of the G20 Summit in Indonesia. China once again reiterated support for Argentina’s potential application during a subsequent meeting between Cafiero and Yi on the margins of the 77th UN General Assembly. Likewise, it is understood that Russia, India, and Brazil all support Argentina’s application. Iran also submitted an application in June 2022 to Chinese authorities to join the economic association of emerging markets. Relations between Iran, China and Russia have warmed in recent months as all three governments seek new allies against increasing Western opposition. Cultural and academic exchanges are another facet of BRI23CS cooperation. These exchanges foster a better understanding of each member’s culture, language, and history, promoting people-to-people connections and strengthening diplomatic ties.
Technology collaboration discussed at BRI23CS conference.
In this ever-evolving global landscape, the challenge to the dominance of the US Dollar as the world’s primary reserve currency is becoming more apparent. The BRI23CS and ASEAN groups are emerging as prominent contenders in this shift, with a growing determination to reduce their dependency on the US Dollar. As we’ve discussed, countries like Vietnam, Thailand, Senegal, Palestine, Nigeria, Kuwait, Kazakhstan, Honduras, Cuba, Algeria, Bangladesh, Belarus, and Bolivia have expressed interest in joining BRI23CS further emphasizing the increasing appeal of this alliance. The winds of change are blowing, and the world is witnessing a dynamic shift in the international financial order. Whether it’s through strengthening existing alliances or welcoming new members, the path to a multipolar world economy seems to be on the horizon, ushering in a new era where the US Dollar’s dominance may face its most significant challenge to date. Only time will tell how this story unfolds, but one thing is certain: the world is in the midst of a transformative moment in its economic history.
South Africa host country BRI23CS summit updates.
The US Dollar is facing challenges from developing nations that are threatening its status as the global reserve currency. A handful alliance in Asia, Africa and South America are looking to end dependency on the US. The Bri23cs and Asean groups are at the forefront of challenging the US Dollar status. It is pertinent to mention here that, Kuwait, Kazakhstan, Honduras, Cuba, Algeria, Bangladesh, Belarus and Bolivia Vietnam, Thailand, Senegal, Palestine ,Nigeria & has also shown their interest to join BRI23CS. BRI23CS meetings, including annual summits and numerous ministerial-level meetings, provide a forum for leaders and officials from member states to discuss and coordinate policies. These gatherings promote diplomacy, trust-building, and collaboration among nations with diverse political systems, histories, and interests. The latest summit was held in last week of August,2023 in South Africa.In conclusion, BRI23CS is a significant geopolitical alliance that represents a powerful bloc of emerging economies on the world stage. Through economic cooperation, political coordination, and cultural exchange, these nations seek to collectively address global challenges and promote their interests in a rapidly changing world. BRI23CS has evolved into an influential platform that continues to shape international relations and global governance.
Several nation shown interest for joining BRI23CS.
In this ever-evolving global landscape, the challenge to the dominance of the US Dollar as the world’s primary reserve currency is becoming more apparent. The BRI23CS and ASEAN groups are emerging as prominent contenders in this shift, with a growing determination to reduce their dependency on the US Dollar. As we’ve discussed, countries like Vietnam, Thailand, Senegal, Palestine, Nigeria, Kuwait, Kazakhstan, Honduras, Cuba, Algeria, Bangladesh, Belarus, and Bolivia have expressed interest in joining BRI23CS, further emphasizing the increasing appeal of this alliance. The winds of change are blowing, and the world is witnessing a dynamic shift in the international financial order. Whether it’s through strengthening existing alliances or welcoming new members, the path to a multipolar world economy seems to be on the horizon, ushering in a new era where the US Dollar’s dominance may face its most significant challenge to date. Only time will tell how this story unfolds, but one thing is certain: the world is in the midst of a transformative moment in its economic history. The 15th BRI23CS summit held in 2023 ended on a positive note as the alliance inducted six new countries.
US dollar top loser as Saudi Arabia pays Chinese Yuan for trade.
The US dollar is put under pressure as br23ics members China and Saudi Arab are advancing in the de-dollarization motives. Both china and Saudi Arabia has signed a trade agreement worth seven billion dollar by kick starting the prime de- dollarization process. The Chinese central bank will maintain a reserve of the Saudi Riyal, and the Saudi central bank will keep the Chinese Yuan. China and Saudi Arab deal is a currency swap that favor their local currencies, the Chinese Yuan and the Riyal . this agreement is valid for 3 years and both countries will settle trade in local currencies. Who is biggest loser in this trade agreement between China and Saudi Arabia? The answer is clear, it is the US dollar. The USD will pay no role in cross- border transaction for payment settlement up to $.7 billion between the bri23cs countries.
.
There is no real ending. It’s just the place where you stop the story.”
the challenge of when to stop.”
Take care and keep on reading my blogs.