Saudi Arabia has officially joined BRICS


Saudi Arabia has officially become part of BRICS and successfully conducted an international deal last week using the new digital dirham, bypassing dependence on the US dollar.

The Central Bank of the UAE, under the leadership of Sheikh Mansur, carried out a transaction worth $136 million to China through the “M Bridge” platform.

Having joined BRICS, the UAE actively explores new approaches to establishing the digital dirham as a preferred alternative to the US dollar.

The Central Bank of the UAE supports this initiative by launching a program of innovative projects to promote the national digital currency.

This event has a significant impact on trade relations between the UAE and China, and in the future, the dollar may be used less frequently in BRICS settlements, potentially affecting the US economy by altering the global dynamics of dollar demand and supply.

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