Saudi Arabia Challenge Us Dollar Funding Brics Alliance

Last updated: June 9, 2025, 15:58

Saudi Arabia Challenge Us Dollar Funding Brics Alliance

Saudi Arabia

Saudi Arabia, the oil-rich Middle Eastern nation, has officially submitted its application to join the BRICS alliance, according to a report by Bloomberg. Th

By exploring closer ties with the BRICS nations, Saudi Arabia could be seeking to reduce its dependence on any single global power, including the United States.

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Saudi Arabia joining the BRICS bloc poses a challenge to the dollar's domination of global trade, according to ING. Though only in the long term.

Saudi Arabia has held off formally joining the BRICS bloc of nations despite attending a meeting in Brazil last week, two sources said, finessing an issue that could upset

Saudi Arabia To Challenge U.S. Dollar's Supremacy by