As talk of a “BRICS currency” grows, the bloc actually seems to be moving in a very different direction. Instead of one shared currency, BRICS is working on a digital payment system that links national digital currencies like India’s e-rupee, China’s e-yuan and Russia’s e-ruble. WION Explains

India takes lead as BRICS eyes digital payment system to bypass dollar. All about the BRICS payment system - Explained

 US President Donald Trump categorically warned that the US would impose tariffs on those nations seeking to join the ten-member bloc. The statement came while attending a bilateral lunch with Argentine President Javier Milei at the White House.

'BRICS an attack on Dollar’: Trump claims Bloc nations ‘dropping out’ after US tariff threats

As the BRICS summit in Johannesburg looms on the horizon, Roman Babushkin, the Russian Deputy Chief of Mission in Delhi, has advocated trading in national currencies within the grouping.

Ahead of BRICS summit, Russian diplomat Babushkin advocates trading in national currencies, expansion

The de-dollarisation, the movement to reduce other countries' reliance on the greenback, among the emerging economies of the BRICS economic group is yet to reach a 'common currency' breakthrough.

Explained | Spotlight on potential BRICS currency as pushback against US dollar grows

BRICS nations are leading the Greenback backlash against the global hegemony of the US dollar. A potential new shared currency between them, they say, could shield other member countries from the impact of sanctions such as the ones imposed against Russia by the United States and European countries.

Greenback backlash: BRICS 'common currency' targets economic weaponisation of US dollar

Brazil's President Luiz Inácio Lula da Silva made an impassioned call to his BRICS counterparts Russia, India, China and South Africa to replace the US dollar with their own currencies for trading among the countries.

Brazil's President Lula seeks common BRICS currency to counter US dollar's dominance

As a Delhi resident and economic journalist in the 1990s, I got to know first-hand what I call the Dollar Paradox. On the one hand, India was recovering from a severe balance of payments crisis in 1990/91.

The US dollar is shaky, but let us not dream of an alt-currency in a hurry

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