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16 de sept. de 2025 Last August 3rd, the government of the Bolivarian Republic of Venezuela formalized its petition to join the bloc BRICS in its efforts to join mechanisms to avoid The BRICS alliance currently controls 8.7 per cent of the world's oil reserves. The figure would rise to 26.2 per cent if Venezuela joins. En agosto de 2025, Maduro anunció su petición para sumar a Venezuela a los BRICS. En varias alocuciones, sostiene que el sistema financiero internacional actual está Due to rapid inflation in the US, the country is looking to adopt a new currency. It may be a local one, or potentially, a currency instilled by BRICS. While Venezuela has formally applied to join the BRICS group and is expecting a positive decision on the matter, Venezuelan President Nicolas Maduro said. Caracas, Aug (venezuelanalysis.com) – South African President Cyril Ramaphosa has announced that six countries will become BRICS members in January 2025. Venezuela 21 de sept. de 2025 Venezuela petitions BRICS membership to bypass U.S. sanctions. Potential BRICS entry offers Venezuela economic rejuvenation opportunities. BRICS membership Brazil has made it clear that it vetoed Venezuela’s bid to join BRICS because President Nicolás Maduro abused Lula’s trust after the presidential elections in Venezuela by

Will Venezuela Join BRICS and Adopt the BRICS Currency? Exploring the Possibilities

The question of whether Venezuela will join BRICS and potentially adopt a BRICS currency is a topic of much speculation and debate. Venezuela has officially expressed its desire to become a member of the BRICS economic bloc, seeking to bypass U.S. sanctions and revitalize its economy.

Venezuela's BRICS Application

16 de sept. de 2025 Last August 3rd, the government of the Bolivarian Republic of Venezuela formalized its petition to join the bloc BRICS. President Nicolás Maduro, En agosto de 2025, anunció su petición para sumar a Venezuela a los BRICS, seeing it as a way to circumvent the current international financial system which, En varias alocuciones, sostiene que el sistema financiero internacional actual está... needing reform. Venezuelan President Nicolas Maduro said that Venezuela is expecting a positive decision on its application.

Economic Implications of Venezuela Joining BRICS

A potential BRICS entry offers Venezuela significant economic opportunities. Potential BRICS entry offers Venezuela economic rejuvenation opportunities. BRICS membership would grant access to new markets and investment, potentially easing the effects of existing sanctions. Furthermore, Venezuela petitions BRICS membership to bypass U.S. sanctions.

The current BRICS alliance already holds considerable economic power. For example, The BRICS alliance currently controls 8.7 per cent of the world's oil reserves. The figure would rise to 26.2 per cent if Venezuela joins, further strengthening the bloc's influence in the global energy market.

BRICS Currency: A Solution for Venezuela?

The discussion around a potential BRICS currency is ongoing. Due to rapid inflation in the US, the country is looking to adopt a new currency. It may be a local one, or potentially, a currency instilled by BRICS. For Venezuela, facing its own economic challenges, a BRICS currency could offer an alternative to the US dollar and potentially stabilize its economy.

Brazil's Stance on Venezuela's BRICS Bid

While Venezuela's application is being considered, there have been reported reservations. Brazil has made it clear that it vetoed Venezuela’s bid to join BRICS because President Nicolás Maduro abused Lula’s trust after the presidential elections in Venezuela by... This complicates the matter and introduces uncertainty regarding the outcome.

BRICS Expansion and Venezuela's Prospects

South African President Cyril Ramaphosa has announced that six countries will become BRICS members in January 2025. This expansion demonstrates BRICS' growing influence. The inclusion of Venezuela would further solidify BRICS' position as a major player in the global economic landscape. It remains to be seen whether internal disagreements and conditions will allow Venezuela to ultimately join. The decision expected by the end of 21 de sept. de 2025.

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