Will the black market collapse after Egypt joins the BRICS group next January?


https://www.youtube.com/watch?v=Pey_859CLws?si=sT8GbUmi2bGkrZcs

This new episode of Samri channel returns to discussing the decision of the BRICS economic group to accept 6 new members, including 3 Arab countries, namely Egypt, the Kingdom of Saudi Arabia, and the United Arab Emirates.

This time, the episode focuses on the benefits that will accrue to the Egyptian economy, in particular, from its acceptance as a member of BRICS, which considers itself the main competitor of the Group of Seven economic group that represents the United States of America and its allies. Egyptian Prime Minister Mostafa Madbouly, who represented Cairo at the recent BRICS conference held in Johannesburg, South Africa, said that Egypt aims to give BRICS a strong addition, taking advantage of its unique geographical location and promising investment opportunities, pointing to Cairo's initiative related to the establishment of a global center for storing wheat and grains on top. territories, in cooperation with the BRICS countries, to face the food security crises that the world may face as a result of military conflicts such as the Russian-Ukrainian war. Madbouly also said that Egypt is expected to take advantage of its membership in the bloc to transfer the technological expertise of BRICS members to develop its various industrial sectors.

South African President Cyril Ramaphosa had announced at the conclusion of the BRICS summit that the five member states had agreed to full membership of 6 new countries belonging to different continents of the world and enjoying diversified economic capabilities, starting from January next year. Chinese President Xi Jinping also said that the expansion of BRICS will contribute to achieving its far-reaching ambition to create a new multipolar international order that goes beyond the current US economic and political hegemony.


#Egypt
#Saudi Arabia
#dollar

Will the black market collapse after Egypt joins the BRICS group next January? This is what we will discuss in the "BRICS Dollar" episode. Watch to know the story from the beginning