Will Turkey Join BRICS and Adopt a BRICS Currency? Exploring the Possibilities
The potential for Turkey to join BRICS (Brazil, Russia, India, China, and South Africa) has been a topic of increasing discussion. While speculation remains, understanding Turkey's motivations and the BRICS group's criteria is crucial. Are we likely to see Turkey adopting a BRICS currency any time soon?
Turkey's Interest in BRICS Membership: A Strategic Shift?
2 de sept. de 2025 reports indicate that Turkey has officially requested to join the BRICS group, according to a Bloomberg report. This signals a potentially significant shift in Turkey's foreign policy and economic strategy. 2 de sept. de 2025 also highlights that Turkey has formally applied to join the BRICS group of emerging-market nations, suggesting a bid to expand its global influence and strengthen ties beyond its traditional alliances. The move isn't surprising, given Turkey's desire to diversify its partnerships.
27 de sept. de 2025 emphasizes that Türkiye’s bid for BRICS membership represents a strategic effort to reshape its international position and expand its economic influence. This strategic move is undeniably part of Türkiye’s broader ambition to play a more prominent role on the world stage.
BRICS Expansion and the Potential for a Common Currency
The BRICS nations have been exploring the possibility of a common currency to reduce dependence on the US dollar. While the development of such a currency is still in its early stages, the inclusion of Turkey could potentially contribute to its momentum. However, the practical implementation of a BRICS currency faces considerable challenges, regardless of whether Turkey joins.
Challenges and Opportunities for Turkey Within BRICS
Joining BRICS would present both challenges and opportunities for Turkey. On the one hand, it could provide access to new markets and investment opportunities. On the other hand, Turkey would need to align its policies with those of the other BRICS members. Adopting a BRICS currency, if it comes to fruition, would also require significant economic adjustments.
Is a BRICS Currency with Turkey a Realistic Prospect?
While the idea of Turkey adopting a BRICS currency is intriguing, it's important to remember that Turkey has only just formally requested to join the group (2 de sept. de 2025). The process of joining BRICS can be lengthy, and there's no guarantee of success. Furthermore, the development and adoption of a common BRICS currency are still in their infancy. Therefore, while the future possibilities are interesting, we should also temper our expectations with a dose of realism. 2 de sept. de 2025’s reports on Turkey’s application make it clear it is not guaranteed.
Stay tuned for further updates as the situation unfolds.