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Many developing countries in Asia, Africa, and South America have expressed their interest in joining the BRICS alliance in 2024. The de-dollarization agenda seems lucrative to developing nations that want to make their local currencies and native economies thrive. The US dollar is dampening the prospects of local currencies and eliminating the USD for trade is a way to push their currencies up. Also Read: BRICS : New Country Plans To Ban the US Dollar for Trade Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. While BRICS expansion was limited to Asia, Africa, and South America in 2024, now countries in Europe are also looking to join the alliance. BRICS: New European Country Looks To Join the Alliance in 2024 Source: Global Times / Photo: Xinhua Belarus is the Eastern European country that is looking to join the BRICS alliance in 2024. The President of Belarus , Alexander Lukashenko said that the European country is ready to joi...

More than 40 countries have expressed their interest in joining the BRICS alliance in 2024. Among those, seven new countries have formally applied to join the bloc this year alone. Developing countries from Asia, Africa, and South America find the BRICS idea of de-dollarization lucrative. Also Read: BRICS: China Dumped $48.9 Billion in US Treasuries in Quarter 1 Read here to know the list of seven new countries that have submitted their applications to join BRICS in 2024. The development indicates that BRICS is seen as a beacon of hope in the fight against the supremacy of the US dollar. However, BRICS member India seems to not be keen on inducting many more countries into the bloc in 2024. Reports suggest that India wants to slow down on inducting other countries into the alliance. Only Russia and China are eager to expand the grouping to take on the US dollar and America’s foreign policies. Also Read: Proposal to Launch BRICS Currency Gains Steam: Expe...