BRICS Nations Eye Digital Currency Link to Bypass US Dollar

Source: Devdiscourse | Original Published At: 2026-01-19 11:03:37 UTC

Key Points

• India's central bank suggests linking BRICS digital currencies (e.g., e-rupee) for smoother cross-border trade
• Proposal aims to reduce reliance on US dollar amid geopolitical tensions
• Plan would be discussed at 2026 BRICS summit hosted by India
• Requires technical compatibility among BRICS members' central bank digital currencies (CBDCs)
• Previous attempts to bypass USD faced implementation challenges between Russia and India