Emerging economies group BRICS invites 6 new members, including Saudi Arabia and Iran

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Emerging economies group BRICS invites 6 new members, including Saudi Arabia and Iran
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The BRICS economic coalition of emerging markets has decided to extend membership invitations to six nations.

China's President Xi Jinping said Thursday that the expansion is a"new starting point for BRICs cooperation.""It will bring new vigor to the BRICS cooperation mechanism, further strengthening a force for world peace and development," he said at a press briefing."We value the interest of other countries to form a partnership with BRICS.

Brazil's da Silva on Thursday noted the BRICS group continues to study the possibility of a bloc currency, which could"increase our options for [a] means of payment and reduce our vulnerabilities."

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