BRICS countries may create common digital currency
India proposes linking central bank digital currencies (CBDCs) to reduce dollar dependency and establish alternative payment infrastructure for trade and tourism.
India proposes linking central bank digital currencies (CBDCs) to reduce dollar dependency and establish alternative payment infrastructure for trade and tourism.
Countries explore alternatives to Western financial infrastructure through digital currency integration
According to Berliner Zeitung, the BRICS summit in 2026 may launch the Brics Pay system, allowing settlements in national currencies without using the dollar.
Analysis of how US tariff policies under Trump have accelerated global realignment toward BRICS as a counterbalance to American dominance.
Countries in the BRICS bloc are advancing plans for a payment system independent of Western financial infrastructure, with India proposing integration of central bank digital currencies.
Analysis of Indonesia’s strategic challenges balancing BRICS membership with participation in US-led Gaza peace initiatives.
RBI advocates for BRICS-wide adoption of CBDCs to enhance cross-border payments, balancing benefits like transparency against risks like US tariff threats.
Analysis of India’s balancing act between Quad and BRICS frameworks under evolving global dynamics.
The strategic alignment between China and Brazil intensifies with multi-billion dollar agreements, trade records, and the BRICS Pay system aiming to reduce dollar dominance.