New 2024 Bric Currencies. After adding four new members (iran, ethiopia, egypt, and the uae), the leaders of brics met in russia to plan a gradual move away from the dollar. While the renminbi will be the main currency for trade, payments and settlements within brics, the role of a new prime holding currency offers fresh possibilities.

Brics expansion demonstrates global south interest in alternatives to the current international order. After adding four new members (iran, ethiopia, egypt, and the uae), the leaders of brics met in russia to plan a gradual move away from the dollar.