BRICS Could Move Beyond Dollar, But Not Towards A Single Currency
BRICS has shifted focus from a common currency to local-currency settlements, cross-border payment links and financing alternatives to reduce reliance on the US dollar.
BRICS has shifted focus from a common currency to local-currency settlements, cross-border payment links and financing alternatives to reduce reliance on the US dollar.
An analysis of India’s BRICS presidency argues that the New Delhi Declaration could matter if it helps make climate and emerging-market finance more bankable, de-risked and attractive to capital.
At the BRICS summit in New Delhi, Chinese President Xi Jinping outlined plans for shared AI development, training programs, and digital infrastructure for the bloc.
A widely shared image claiming to show BRICS leaders taking a group selfie at the New Delhi summit has been found to be AI-generated and false.
The 2026 BRICS Summit concluded with agreements to deepen cooperation in technology, health, supply chains, trade and sports development, emphasizing sport as a driver of social growth and people-to-people exchange.
India’s 2026 BRICS presidency centered on the New Delhi Declaration, continuity mechanisms, and practical economic cooperation, while cross-border payments and implementation challenges remain.
The BRICS Chamber of Commerce & Industry hosted BRICS+ Dialogue 2026 in New Delhi, focusing on inclusive innovation, women’s leadership, and practical cross-border cooperation under India’s BRICS Presidency.
New Delhi ‘papered over’ differences to keep the bloc focused on trade and tech priorities, analysts say.
Without President Lula and amid elections, Brazil is seen as losing its leading role at the 2026 summit in India.