The number of countries that are applying to join the BRICS alliance is intensifying in 2025. Developing nations are drawn towards the bloc as it provides alternative payment options for trade settlements other than the US dollar. Emerging economies could gain a chance to use their local currencies for cross-border transactions and strengthen their overall GDP. In addition, they aim to end dependency on the US dollar to make their local currency find weight in the forex markets.
Also Read: BRICS: US Dollar Remains in High Demand, De-Dollarization Failing
Read here to know how many sectors in the US will be affected if BRICS ditches the dollar in 2025. Developing countries could gain an upper hand in the global economy and make their local currencies stronger. The move could add pressure on the prospects of the US dollar making it lose out in the global supply and demand mechanism.
Also Read: BRICS: India Likely Dumping the U.S. Dollar
BRICS: Around 23 Countries Express Interest to Join in 2025
Russian Presidential aide Yury Ushakov confirmed that more than 20 countries have applied to join BRICS in 2025. He confirmed that a total of 23 countries have submitted their applications to be a part of the alliance. Ushakov revealed that the alliance is looking to induct “like-minded countries” into the bloc in the upcoming summits.
Also Read: BRICS Makes Huge Announcement on Common Currency
“The doors of the association remain open to like-minded countries. At the moment, over two dozen more countries have shown interest in a systemic dialogue with BRICS,” in 2025.
The countries that have shown interest in joining BRICS in 2025 are: “Azerbaijan, Bahrain, Bangladesh, Burkina Faso, Cambodia, Chad, Colombia, the Republic of the Congo, Equatorial Guinea, Honduras, Laos, Kuwait, Morocco, Myanmar, Nicaragua, Pakistan, Palestine, Senegal, South Sudan, Sri Lanka, Syria, Venezuela, and Zimbabwe,” he said.
The move indicates that the BRICS will carry a significant amount of weight in the global economic sphere in 2025. It has emerged as a serious challenger to the US dollar and other countries are finding its de-dollarization agenda lucrative.
