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BRICS Beyond Borders: Dedollarization, Common Currency, and Global Expansion

Discover the latest BRICS news and developments in financial matters, expansion, and cooperation. In this insightful video, Clive Ettia from Think BRICS and Rhod Mackenzie from SCOBRICSinsight discuss pivotal topics such as dedollarization, BRICS common currency, and digital currency initiatives. In the opening segment, we dive into Russia's push for dedollarization in Latin America trade. Understand the geopolitical implications and the benefits and challenges this brings to Latin American countries. We then explore the broader BRICS strategy for economic sovereignty and mitigating dollar dependency. Next, we cover the ambitious move towards a BRICS common currency. Learn about the feasibility, timeline, and potential economic and political implications of this initiative. We compare it with digital currency projects involving Saudi Arabia, China, and the UAE, highlighting how these efforts align with BRICS' financial sovereignty goals and global trade strategies. We also touch upon regional security issues, focusing on the tensions in the Horn of Africa over a naval base in Somaliland. This discussion outlines the strategic importance of the region, BRICS interests in Africa, and potential diplomatic solutions. Lastly, the video reviews the recent BRICS Foreign Ministers' meeting in Nizhny Novgorod, discussing strategic alignments and the growing influence of BRICS. With around 30 countries showing interest in joining or cooperating with BRICS, we analyze the strategic advantages and the future growth potential of this powerful alliance. While this video provides an in-depth analysis of BRICS financial matters, expansion, cooperation, and the specific geopolitical and economic implications of de-dollarization and a common currency, it does not cover the technical details of implementing a BRICS digital currency or the exact strategies behind each country's involvement in these initiatives. The discussion on regional security and naval base conflicts in the Horn of Africa is thorough, but it does not delve into the specific military strategies or detailed political negotiations taking place behind the scenes. For those interested in the broader implications of digital currencies and their potential impact on global finance, we recommend seeking additional resources or watching related videos on our channel that specifically address these topics. #brics #internationalnews #dedollarization 00:00 - Introduction to the episode and guest introductions 02:30 - Overview of BRICS financial matters and dollarization efforts 05:45 - Discussion on BRICS Games 2024 and Kazan as the host city 09:30 - Russia's dedollarization efforts in Latin America 13:15 - The push for a BRICS common currency and its implications 17:45 - Differences between a common currency and the Euro model 21:30 - The role of gold and commodities in the proposed BRICS currency 26:00 - The impact of dedollarization on global trade and geopolitics 30:15 - Saudi Arabia's digital currency project and its significance 34:00 - Concerns about central bank digital currencies (CBDCs) 38:30 - Tensions in the Horn of Africa: Ethiopia, Somalia, and Somaliland 44:00 - The strategic importance of Ethiopia's access to the sea 47:45 - The role of the naval base in Ethiopia-Somaliland relations 52:30 - Discussion on the future of BRICS and the potential for global shifts 57:00 - Closing remarks and plans for future discussions 🎥 Don't Miss These Videos: 🎬 https://youtube.com/live/jb5GNPMp09g 🎬 https://youtube.com/live/A35OrjbCn-M ✉ Sign Up for our Newsletter at https://thinkbrics.substack.com 🗣 Subscribe for more free videos:    / @thinkbrics   ☞ Buy Us A Coffee: https://www.buymeacoffee.com/ThinkBRICS ☞ Telegram: https://t.me/ThinkBRICS ☞ Twitter:   / mkteconomy   ☞ Linkedin Group:   / 9505876   ☞ Find Us at: https://tvbrics.com/en/bloggers-team/ ☞ WhatsApp: https://whatsapp.com/channel/0029VaPT... =========== The views and opinions expressed in this video are for informational and educational purposes only and do not necessarily reflect any government or organization's official policy or position. This content is based on the author's interpretation of publicly available information and is subject to change. Viewer discretion is advised. All data and information is gathered from public sources on the Internet or in publications and not generated by us. Independent verification is recommended. Except for fair use content, our video uses commercially licensed material. Please contact us with any questions.

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