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The same Algeria that has a 12.7% unemployment rate, a rising 8% inflation rate, and whose economy almost strictly relies on processing hydrocarbons?
$1.5 billion would be nice though. Based on the $5.1 trillion moved per day in 2016 according to the BIS, that will last about them about....25 and a half seconds worth of cross-border transactions on the international market!
Application denied because BRICSA is a bad acronym and nobody was willing to rearrange the letters.
BRICAS
No wait
CRABIS
SICBRA sounds way more sick... bra.
There are like 20 countries that want to join I doubt they will add all of them to the name, maybe xhange the name altogheter.