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Malaysia to Join BRICS

(www.aljazeera.com)
79 points eatonphil | 1 comments | 18 Jun 24 09:44 UTC | HN request time: 0.001s | source
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whatever1 ◴[18 Jun 24 11:18 UTC] No.40716387[source]▶
checks USD exchange rates

Yep it's still the only currency that matters.

Checks Indian-Chinese relations

Yep they still have effective visa bans against each other.

So what is this BRICS club exactly? A dictionary club?

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krmboya ◴[18 Jun 24 11:22 UTC] No.40716428[source]▶
> Yep it's still the only currency that matters.

That's what the US govt thought when it sanctioned Russia. It only resulted in Russia falling back to their local currency without any significant problems, while making the rest of the world wary of reliance on the US dollar

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1. quonn ◴[18 Jun 24 11:29 UTC] No.40716480[source]▶
> without any significant problems

Can't loose anything if you have nothing - or a giant landmass, natural resources and still only an economy the size of Italy.