North Korean Central Telegraph Agency (CTAC) He wrote that the increase in the number of participants from the developing countries to the BRICS summit held in Cape Town and the fact that the BRICS enlargement was put on the agenda of the summit witnessed the decline of the dollar and the USA.
At the summit held in Cape Town, host South Africa announced that 19 countries wanted to join the BRICS.
“The main factor pushing many countries, large and small, to join the BRICS is the current unjust and irrational international economic order, whose core is the US-led international monetary system based on the dollar,” the statement said. The author of the article is international analyst Jeon Il Hyun.
Chong pointed out that the two pillars on which US domination of the world has been built since the end of the Second World War are the dollar and military strength. According to a Korean analyst, the US has arbitrarily imposed sanctions on “countries it dislikes”, using its role in the global economy. However, Chung points out that they “fall into their own trap” after the sanctions against Russia and the United States.
“The BRICS members agreed to facilitate agreements on trade between member states and friendly countries in terms of national currency. <..> The unprecedented international move to limit the use of the dollar, and the desire of many countries of the world to join the BRICS, spells the end of the dollar as a key currency and ultimately the end of US hegemony,” said the Korean analyst.
Former Russian Ambassador to Caracas declarationVenezuela has hopes of joining the EU.