A Quiet Shift: How BRICS Is Becoming the New Conversation in Global Finance

In Jakarta, officials worry about US influence. In Tehran, oil revenues are sinking. Across the globe, countries are searching for partners.The US had ruined Iran’s bill revenue by about 75%. US dollars are leading to inflation despite Iran’s already poor condition.

This year's JOINMUN 2025, what began as a small economic bloc has now turned into a platform for countries that wanted more power and control over their financial future and less dependence on western systems. 

Iraq crude oil’s production has decreased leading to 1 million barrels a day from the previous 3.8 million barrels produced within a day. The US has ruined Iran’s bill revenue by about 75% and the US dollar is leading.

Indonesia is highly influenced with the United States of America with military bases and several embassies scattered throughout the country of Indonesia

In an interview, Russia provides alternative solutions to not directly oppose such as the current resolution, NDP, CRA. In the IMF, The United States of America has more voting power than 5 BRICS nations which are Brazil,Russia,India,China,South Africa. Voting powers provide an important role to represent each country's own voices. 

UAE concludes that the effectiveness of BRICS+ as an economics pillar at the global stage rests on the bloc’s ability to translate strategies.UAE focuses on depending energy trade without USD exposure to develop south-south energy corridors. UAE will be the pioneer of defensive energy supply,real-estate,and diversification investment.

In some countries such as Brazil and India, their goal is to use more local currency and not depend on the US dollar. They believe that using their own currency would make the country develop better and not relying on the US. One member stated that if being too dependent on the US, the country might follow US flow and it is very proportional.

In Ethiopia, Better financial access is needed to financing, advocating rights and transparency towards all members.

Brazil believes that focusing on domestic resilience but still doing both, that would be best. 

Brazil prioritizes the use of local currency among transactions across domestic resilience.

China also states that  If global energy increases it would affect all of us, if energy prices increase some people cannot afford it. If we increase trade and rely less on us it would be cheaper.

No solutions have been given just yet, further information and news  will come...