Could a BRICS Currency Work?

Source: InfoMoney | Original Published At: 2026-02-19 08:00:00 UTC

Key Points

• The article examines technical challenges for a BRICS common currency, including capital controls and central bank independence issues
• Discusses geopolitical motivations for reducing dollar dependence amid US policy shifts under Trump administration
• Proposes a basket of currencies weighted by GDP as a potential solution for intra-BRICS trade settlement
• Highlights parallels with Eurozone challenges while noting BRICS+ members' strategic interests in alternative payment systems
• Suggests digital currency technologies could facilitate BRICS+ payment alternatives despite current limitations