BRICS digital currency is an interesting idea

Source: Hindustan Times | Original Published At: 2026-01-20 15:28:48 UTC

Key Points

• BRICS countries represent a significant share of global GDP, with China and India among the top five economies.
• A BRICS digital currency could enhance intra-group trade but requires unprecedented cooperation between central banks and governments.
• Challenges include geopolitical dynamics and varying levels of experience with multilateral financial coordination among BRICS members.
• The initiative faces practical difficulties despite its potential to challenge entrenched global financial systems.