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The BRICS economic alliance has achieved a historic milestone with $1 trillion in internal trade among member nations. The group continues to expand its influence, aiming to reshape the global economic landscape.
- BRICS has expanded to include Iran, Egypt, Ethiopia, the UAE, and Indonesia, with Saudi Arabia avoiding formal membership to maintain relations with the US.
- The alliance is exploring a gold-backed common currency to reduce dependence on the US dollar, though not all members support full de-dollarization.
- BRICS partner countries, including Belarus and Nigeria, participate in summits but lack full membership status.
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