Why is it important for Saudi Arabia to join BRICS? The BRICS agreement, founded by the five emerging economic powers of China,
is supposed to remove the US dollar from global exchanges. The main members of this treaty are Brazil, Russia, India, China and South Africa. But several other countries have requested to join this treaty, especially Saudi Arabia, which is considered very important and necessary for this treaty. But why is Saudi Arabia so important for this pact? Saudi Arabia has the largest oil reserves in the world and until today, it used to exchange its oil with the US dollar, which has played an important role in raising the value of the dollar, but these equations are going to change because the BRICS agreement is working on its new currency. which will be supported by gold. By joining this agreement, Saudi Arabia is going to trade its oil with the BRICS currency, which will make the strength of this currency stronger than before against the dollar, which will deal a fatal blow to the body of the American dollar.
