BRAZIL has announced that indonesia is formally joining BRICS as a full member, further expanding the group of major economies that includes Russia, India, China and South Africa, reports Reuters.
The move represents another challenge to the US dollar and its role as the world's reserve currency.
Indonesia, the world's fourth most-populous nation, had previously expressed its desire to join the group as a means of strengthening emerging countries and furthering the interests of the so-called Global South.
Brazil, which holds the bloc's presidency in 2025, said the member states approved Indonesia's entry by consensus as part of an expansion push initially approved at the bloc's 2023 summit in Johannesburg.
Brazil noted that Indonesia's bid got the green light from the bloc in 2023 but the Asian country asked to join following the presidential election held last year. President Prabowo Subianto took office in October.
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The move represents another challenge to the US dollar and its role as the world's reserve currency.
Indonesia, the world's fourth most-populous nation, had previously expressed its desire to join the group as a means of strengthening emerging countries and furthering the interests of the so-called Global South.
Brazil, which holds the bloc's presidency in 2025, said the member states approved Indonesia's entry by consensus as part of an expansion push initially approved at the bloc's 2023 summit in Johannesburg.
Brazil noted that Indonesia's bid got the green light from the bloc in 2023 but the Asian country asked to join following the presidential election held last year. President Prabowo Subianto took office in October.
SeaNews Turkey
