The 15th BRICS Summit has decided to bring in Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as new members.
The full membership of new countries in BRICS will begin on January 1 2024, South African President Cyril Ramaphosa said on Thursday.
Brazil and China signed an accord 4 months ago to start using reais and yuan for trade instead of the US dollar. Two days ago Lula said his government is studying the possibility of using yuan to trade with Argentina.