Digital Bridges, Dollar Shadows: BRICS Explores New Payment Order

Source: Pagenews.gr | Original Published At: 2026-02-07 15:40:31 UTC

Key Points

• India's RBI proposes connecting BRICS CBDCs for faster, cheaper cross-border payments in trade and tourism.
• Initiative aims to reduce reliance on the US dollar while maintaining technical rather than ideological motivations.
• Potential implementation faces challenges including technical interoperability, governance issues, and uneven CBDC development among members.
• If adopted, the system could strengthen South-South economic ties and advance BRICS as a practical cooperation platform.
• Represents a step toward a multipolar financial system without directly challenging dollar dominance.