Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.

Venezuela expresses will to become BRICS member

  • By Al Mayadeen English
  • Source: Agencies
  • 29 May 2023 21:47
  • 2 Shares
3 Min Read

The president said that BRICS is in the process of becoming a big magnet for those who wish to belong to another world order based on peace and cooperation. 

  • x
  • Venezuelan President Nicolas Maduro. (Venezuelan Presidency)
    Venezuelan President Nicolas Maduro. (Venezuelan Presidency)

Venezuelan President Nicolas Maduro said on Monday that his country would like to join the BRICS organization as the bloc is in the process of forming a new world order. 

"If they ask Venezuela whether we want to join the BRICS at some point — Venezuela says yes, we would like to be part of the BRICS and take part in the construction of this new architecture and global policy," Maduro said at a press conference following his meeting with Brazilian President Luiz Inacio Lula da Silva.

The president added that BRICS is in the process of becoming a big magnet for those who wish to belong to another world order based on peace and cooperation. 

#29May

🇧🇷🇻🇪 ¡SE MOSTRÓ INTERESADO!

Nicolás Maduro dijo que "de manera modesta" Venezuela quisiera ser parte de los BRICS, una economía emergente formada por los países Brasil, Rusia, India, China y Sudáfrica

📹: Cortesía pic.twitter.com/FMe0cwJPfl

— ImpactoVenezuela (@ImpactoVE) May 29, 2023

BRICS members account for 30% of the global gross output and 40% of the global population. The bloc includes the world's major developing countries: Brazil, Russia, India, China, and South Africa. It was also announced, recently, that a handful of medium-sized economies intend to join the bloc: Argentina, Algeria Iran, Indonesia, Turkey, Saudi Arabia, and Egypt. 

Read more: Saudi Arabia keen on joining BRICS bank: Financial Times

In late March, China and Brazil struck a deal to ditch the US dollar in their bilateral transactions, which is expected to reduce investment costs and develop economic ties between the two countries.

Related News

Iran urges BRICS sanctions shield as Brazil backs fairer global system

Expert: too early for single BRICS currency, more action needed

During the same month, the yuan overtook the US dollar in China's cross-border trade transactions, dealing a new major blow to the green note that is witnessing a global decline in its position as the top reserve currency.

Iraq's central bank announced in February that it would allow commerce with China to be settled directly in yuan for the first time.

And in January, South African Foreign Minister Naledi Pandor said the BRICS club consisting of Brazil, Russia, India, China, and South Africa seeks to discover a way of bypassing the dollar to create a fairer payment system that would not be skewed toward wealthy countries.

The BRICS have recently agreed to create their own currency. However, details have not been disclosed yet as members are expected to participate and share their ideas on the matter in a forthcoming session of the BRICS summit in August 2017.

On May 16, Maduro announced that his country will move forward on the path of abandoning the dollar in economic transactions.

Speaking to local media, Maduro said, "This is the path of Venezuela and the path of a free economy where currencies are not used to punish countries and impose sanctions."

Record inflation in the West has pushed countries around the world to find alternatives to the US dollar and its financial institutions, in an indication of the yuan's rising international significance.

Read more: Exclusive interview with Raisi: Iran ready to join BRICS

  • BRICS
  • Venezuela
  • Nicolas Maduro

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Elon Musk attends a news conference with President Donald Trump in the Oval Office of the White House, Friday, May 30, 2025, in Washington (AP)
Politics

Elon Musk calls for dissolving UK parliament at London far-right rally

Israeli media: US betrayed Qatar, gave green light for attack on Hamas
Politics

Israeli media: US betrayed Qatar, gave green light for attack on Hamas

Leaked memo shows Trump eyeing Louisiana National Guard plan
Politics

Leaked memo shows Trump eyeing Louisiana National Guard plan

Mamdani vows to arrest Netanyahu if elected New York mayor
Politics

Mamdani vows to arrest Netanyahu if elected New York mayor

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS