Sibra Waseem asserts that the US interest rate rise, monetary policy, and geopolitical tensions on global trade prices have fed the move for a BRICS currency. Where approximately 88% of worldwide commerce is currently handled in US dollars and accounts for 58% of global foreign exchange reserves, the BRICS currency would certainly shift the tides of geoeconomics. She, however, notes that the possibility of a BRICS currrency is marred by tensions between states comprising the powerful bloc.
Türkiye has been on a mission to reclaim its previous glory under the leadership of Recep Tayyip Erdogan. Erdogan’s unwavering support for international Muslims, as well as his criticism of US policies, have thrust him into the center of international discourse. Despite the polarized public opinion, Türkiye has improved its military capabilities and emerged as a significant player in the weapons market, contributing to its growing global dominance. Much to the chagrin of the United States, it has formed strategic relationships with countries such as Russia and China, diversifying its alliances and impacting regional dynamics.