Could a BRICS Currency Work?

Source: Τα Νέα Οnline | Original Published At: 2026-02-17 14:33:00 UTC

Key Points

• Analyzes feasibility of BRICS+ creating a common currency to challenge US dollar dominance
• Highlights structural challenges including loss of central bank independence and monetary policy coordination
• Notes China's interest in expanding yuan's role and BRICS+ leaders' opposition to dollar hegemony
• Mentions Trump-era policies weakening dollar credibility as external factor influencing BRICS+ considerations
• Author revisits skepticism about BRICS+ currency viability due to recent geopolitical shifts