viral claims about × suggests that 159 out of 195 countries will join the new BRICS payment system, hinting at a move away from the US dollar.

159 out of 195 countries, more than three-quarters of the world, have adopted BRICS Pay.

BRICS countries have announced the creation of blockchain-based payment platforms. It will redefine the group’s global economic standing. Moreover, it will be competing with some of the biggest… pic.twitter.com/FCNCF2SF2J

— Anna (@provemewrong411) October 23, 2024

Verdict: Misleading

At present, the number of countries officially joining BRICS or participating in recent expansion plans remains limited. Recent notable developments in Argentina and continued uncertainty surrounding membership status further highlight the complexities of BRICS expansion.

Fact check:

BRICS summit held in Russia despite ongoing fighting in Ukraine, reports say new york times. The event, which was also attended by Russia’s allies, was aimed at strengthening Russia’s position on the world stage despite global condemnation, the newspaper reported.

XPost claims that around 159 countries have joined the Russian-backed economic group. The post’s caption reads, “159 out of 195 countries, more than three-quarters of the world, have adopted BRICS Pay,” and the membership is for a “blockchain-based payment platform.” It is stated that.

While BRICS is expanding, the claims made by its 159 member states are unrealistic. Currently, only Egypt, Ethiopia, Iran and the UAE have been confirmed to join in 2024, while Saudi Arabia has been invited but has not yet confirmed its membership. The slow and deliberate pace of expansion is accentuated by logistical and political challenges. Reuters He noted that 22 countries have expressed interest in participating, but the number is growing rapidly. unlikely.

Images shared on X hint at Argentina’s involvement in BRICS. This is also wrong. Argentina initially applied for membership in 2022 under former President Alberto Fernández, but opted to join after Javier Millay’s election in 2023. withdraw From consideration.

As BRICS continues to expand, question Its membership and internal cohesion remain urgent questions. The group currently consists of 10 countries and several other partner countries, significantly fewer than the 159 countries that have expressed interest in joining. Major economies, including the G7 countries, remain outside the BRICS and continue to rely on the US dollar as the world’s reserve currency.