HOW FAR CAN BRICS GO?

In a 2009 report, Goldman Sachs, one of the oldest investment banks in the world, founded in 1869 in the United States, and looking at opportunities for economic development and growth in Brazil, Russia, India and China, for the first time time mentions BRIC, as an acronym of the first letters of these countries. In 2010, they were joined by South Africa and BRICS was obtained. This newly created union, group or bloc now covers over 40% of the world\u27s population and over 25% of the world\u27s economy. About a month ago, BRICS took a new course of development, accepting six new countries as members - Saudi Arabia, UAE, Iran, Egypt, Argentina and Ethiopia, thus forming a very solid and powerful economic grouping that could soon oppose of the rich from the G-7 and there is a serious request to regroup the world economy. The same Goldman Sachs predicts that by 2032 the total growth of the BRICS economy may exceed the growth of the richest countries in the world from the G-7, and according to some Russian analysts, the contribution of the BRICS to the total world economic growth already exceeds 50% and is the largest consumer market with a population of about 2.8 billion people. The BRICS group aims to use local currencies in global trade, or create its own currency with the appropriate collateral, to reduce its dependence on the US dollar, thus supporting its individual economies. In particular, the Chinese yuan and the Indian rupee were accepted for cross-border transactions, reducing dependence on the US dollar. This also calls into question the security of the dollar, which with further expansion of BRICS is likely to lead to serious losses for the US currency, as well as a decrease in its influence on a global scale, which already seriously worries the US and threatens its economic and global dominance