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Argentina became the first country to reject BRICS membership after being invited to join the alliance in August this year. BRICS invited six new countries to join the bloc including Saudi Arabia, the UAE, Egypt, Iran, Ethiopia, and Argentina. The newly elected Argentina President Javier Milei vowed during the campaign trail that he would reject BRICS membership if elected to power. Milei stood by his words and declined the BRICS invitation and now Nigeria is aiming to replace Argentina’s place in the alliance. Also Read: BRICS: 150 Countries To Pay Chinese Yuan, Not USD for Loan Repayment? BRICS: Nigeria Now Looking To Replace Argentina Soirce: A-Z Animals Nigeria experienced a robust economic growth of about 6.6% last year and is expected to continue in the coming years. This puts Nigeria in a suitable position to join BRICS as it brings a strong yet growing economy to the table. The country had formally applied to join BRICS but did not make it in the expansion th...

Argentina has outlawed the burning or tearing of the country’s fiat currency, the peso, in Buenos Aires soccer stadiums. On Aug. 10, the Argentinian government issued a proclamation criminalizing any form of destruction of the peso (ARS), even as year-on-year inflation in the South American country surpassed 100%. Soccer fans from neighboring countries have been tearing and burning peso notes in stadiums to provoke their Argentine rivals. In response, the Agency for the Prevention of Violence in Sports has stated that law enforcement officers would arrest offenders, and they could serve up to one month in prison, with their clubs also liable for monetary penalties. Argentina's Agency for the Prevention of Violence in Sport announced this week that it will punish foreign soccer fans who desecrate the country's bank notes. #CGTNAmerica pic.twitter.com/GzO37osIr6 — CGTN America (@cgtnamerica) August 12, 2023 Argentina is in a severe economic crisis. Prices for essent...