BRICS Digital Currency Collaboration: A Step Towards Global Financial Shift?

Source: Devdiscourse | Original Published At: 2026-01-19 06:48:34 UTC

Key Points

• India's RBI proposes interoperable digital currencies among BRICS nations for trade and tourism payments
• Plan aims to reduce reliance on U.S. dollar amid geopolitical tensions
• Proposal may be discussed at 2026 BRICS summit hosted by India
• No BRICS country has fully launched CBDC yet, but pilot projects (e.g., India's e-rupee) are underway
• Requires development of shared governance structures and technical standards