Currencies33488
Market Cap$ 3.50T-2.64%
24h Spot Volume$ 75.79B+10.4%
DominanceBTC60.10%+0.85%ETH9.03%-2.17%
ETH Gas1.30 Gwei
Cryptorank
MainNewsBRICS Could ...

BRICS Could Enter Latin American Markets if Mexico Accepts New Currency


by Watcher.Guru
BRICS Could Enter Latin American Markets if Mexico Accepts New Currency

If BRICS currency captures the Latin American markets, the U.S. dollar could be on a path of decline. Mexico and 18 other countries have expressed their interest to join the BRICS alliance and accept the new currency, reported Bloomberg. BRICS could soon expand to BRICS+ if the group of five nations decides to allow new countries into the bloc.

Also Read: What Happens if Saudi Arabia Accepts BRICS Currency?

The move will make BRICS stronger and challenge the G7 Western nations in GDP and purchasing power parity (PPP). Mexico’s inclusion in BRICS could disrupt the traditional global financial markets making way for the new world order.

If Mexico accepts the BRICS currency for cross-border transactions as part of BRICS+, it could open up avenues for the new currency to reach other Latin American markets. The U.S. dollar could be the hardest hit if the development takes place this year.

What Happens If Mexico Accepts BRICS Currency?

Mexico Flag
Source: bergerpaints.com

Mexico’s inclusion in BRICS could strengthen its economic ties with the other developing nations in Asia and Africa. The increased trade and investment opportunities could potentially boost Mexico’s economy and contribute to its development. Additionally, Mexico’s participation might provide a gateway for the BRICS currency to access the Latin American markets.

Also Read: After BRICS, 10 ASEAN Countries Ditch The U.S. Dollar

The move could alter the geopolitical dynamics in the traditional financial and import-export sectors. It may result in a reconfiguration of alliances and partnerships, potentially impacting Mexico’s relationships with other countries. It could also lead to closer ties with the other BRICS members and reshape global power dynamics.

Joining BRICS could increase Mexico’s influence and visibility on the global stage. Mexico would have a platform to address global issues on economic matters and participate in decision-making alongside other emerging economies.

Also Read: Ahead of Joining BRICS, Iraq Issues Ban on U.S. Dollar Transactions

In conclusion, if BRICS currency sidelines the U.S. dollar and captures the Latin American markets, the USD could be the hardest hit currency.

Read the article at Watcher.Guru

Read More

BRICS Nation Unveils 5-Year Plan to Compete With US on Global Stage

BRICS Nation Unveils 5-Year Plan to Compete With US on Global Stage

There has been no shortage of geopolitical tensions ravaging the global market throug...
BRICS: 44 Countries Align With De-Dollarization Agenda

BRICS: 44 Countries Align With De-Dollarization Agenda

A total of 44 countries are aligning with the de-dollarization agenda kick-started by...
MainNewsBRICS Could ...

BRICS Could Enter Latin American Markets if Mexico Accepts New Currency


by Watcher.Guru
BRICS Could Enter Latin American Markets if Mexico Accepts New Currency

If BRICS currency captures the Latin American markets, the U.S. dollar could be on a path of decline. Mexico and 18 other countries have expressed their interest to join the BRICS alliance and accept the new currency, reported Bloomberg. BRICS could soon expand to BRICS+ if the group of five nations decides to allow new countries into the bloc.

Also Read: What Happens if Saudi Arabia Accepts BRICS Currency?

The move will make BRICS stronger and challenge the G7 Western nations in GDP and purchasing power parity (PPP). Mexico’s inclusion in BRICS could disrupt the traditional global financial markets making way for the new world order.

If Mexico accepts the BRICS currency for cross-border transactions as part of BRICS+, it could open up avenues for the new currency to reach other Latin American markets. The U.S. dollar could be the hardest hit if the development takes place this year.

What Happens If Mexico Accepts BRICS Currency?

Mexico Flag
Source: bergerpaints.com

Mexico’s inclusion in BRICS could strengthen its economic ties with the other developing nations in Asia and Africa. The increased trade and investment opportunities could potentially boost Mexico’s economy and contribute to its development. Additionally, Mexico’s participation might provide a gateway for the BRICS currency to access the Latin American markets.

Also Read: After BRICS, 10 ASEAN Countries Ditch The U.S. Dollar

The move could alter the geopolitical dynamics in the traditional financial and import-export sectors. It may result in a reconfiguration of alliances and partnerships, potentially impacting Mexico’s relationships with other countries. It could also lead to closer ties with the other BRICS members and reshape global power dynamics.

Joining BRICS could increase Mexico’s influence and visibility on the global stage. Mexico would have a platform to address global issues on economic matters and participate in decision-making alongside other emerging economies.

Also Read: Ahead of Joining BRICS, Iraq Issues Ban on U.S. Dollar Transactions

In conclusion, if BRICS currency sidelines the U.S. dollar and captures the Latin American markets, the USD could be the hardest hit currency.

Read the article at Watcher.Guru

Read More

BRICS Nation Unveils 5-Year Plan to Compete With US on Global Stage

BRICS Nation Unveils 5-Year Plan to Compete With US on Global Stage

There has been no shortage of geopolitical tensions ravaging the global market throug...
BRICS: 44 Countries Align With De-Dollarization Agenda

BRICS: 44 Countries Align With De-Dollarization Agenda

A total of 44 countries are aligning with the de-dollarization agenda kick-started by...