The upcoming BRICS summit, with 69 invited leaders, aims to discuss de-dollarization and the promotion of national currencies in international trade.
While a common BRICS currency is not on the agenda, the bloc may explore alternatives, with rumors suggesting Bitcoin’s financial independence as a potential option.
In line with the book “Pathways to De-dollarization,” which explores BRICS (Brazil-Russia-India-China-South Africa) as a rising power de-dollarization coalition, the upcoming summit is set to be the largest gathering yet, with 69 leaders invited.
The Largest BRICS Summit Yet
The BRICS economic bloc has taken a significant stride towards de-dollarization by inviting 69 leaders to its highly-anticipated summit. Scheduled to be held in Johannesburg, South Africa, from August 22 to 24, the summit aims to tackle pressing issues surrounding the global financial system. Among the invitees are all 54 African heads of state and the leaders of major Global South bodies, making it

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