BRICS – De-dollarization Summit
F rom 22 August to 24 August 2023 South Africa hosted the 15th BRICS summit in an attempt to define the BRICS’s role in the global economic system. Namely, at the summit numerous documents were discussed in the presence of more than 40 heads of states and governments, in addition to the leaders of the BRICS countries, which include Brazil, India, China and South Africa and the minister of foreign affairs of Russia. As usual, this 15th summit in the history of the group also addressed the global management system and the necessity to reform the current (in the words of the participants) unjust and unequal system with a special emphasis on the need for major structural reforms of the global financial system, which has been dominated by the United State s since the Bretton Woods Agreement [ 2 ] of July 1944 and the Nixon shock [ 3 ], which has been present to date. The Johannesburg Summit was not ordinary by any means, as its agenda included many major issues in the lig...