What Happens If Saudi Arabia Accepts Brics Currency

Last updated: June 8, 2025, 22:18

What Happens If Saudi Arabia Accepts Brics Currency

Therefore

First and foremost, the weakening of the U.S. dollar would begin if Saudi Arabia accepted local currencies for oil trade. If Saudi Arabia demands that other countries pay in local currencies

Therefore, Saudi Arabia joining or accepting the BRICS currency could tilt the global powers from the West to the East. The United States could no longer be the global

Impact of Saudi Arabia's Inclusion in BRICS and the - LinkedIn

Saudi Arabia

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Saudi Arabia's acceptance as a participant in the BRICS alliance is a notable development in the world of geopolitics and economics. Joining the ranks of Brazil

The inclusion of Saudi Arabia into BRICS could force the European Union to ditch the U.S. dollar and settle the oil and gas trade in the new currency. Therefore, Saudi

Assuming that Iran will respect

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Assuming that Iran will respect all of its promises outlined in the recent accords, Saudi Arabia’s simultaneous application for BRICS with Iran might have a positive

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What Happens if Saudi Arabia Accepts BRICS Currency?

If BRICS countries stop buying

If BRICS countries stop buying oil from Saudi Arabia in dollars, it will weaken the dollar and make it more difficult for the United States to borrow money.