What's another example of an acronym that has stopped being literal? Some acronyms become words but I can't think of any whose letters are no longer accurate.
3M (originally Minnesota Mining and Manufacturing) is now just a name, which means nothing. Same for KFC (once Kentucky Fried Chicken). It may be more common in company names or other legally-fraught acronyms.
> In August 2023, at the 15th BRICS Summit, South African President Cyril Ramaphosa announced that Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates had been invited to join the bloc. Full membership will take effect on 1 January 2024.