BRICS Currency The Future of Global Money

The Future of Global Money:  Know About the BRICS Currency

world of money is changing faster than ever. If you have been following the news lately, you might have heard a lot about the BRICS currency. For many years, the US Dollar has been the king of global trade. But now, a group of powerful countries is working on something new that could change how we buy and sell things across borders.

What is BRICS? new currency brics

Before we talk about the money, we need to know who is making. BRICS is an acronym for five major growing economies: Brazil, Russia, India, China, and South Africa.

Recently, the group has grown even bigger. In 2024 and 2025, countries like Egypt, Ethiopia, Iran, the UAE, and Indonesia joined the family. Together, these nations represent more than 40% of the world's people and a huge part of the global economy.

Why is the BRICS Currency Being Created? 

You might wonder, "Why do we need another currency?" The main reason is independence. Currently, most international trade happens in US Dollars. If a company in Brazil wants to buy machinery from India, they often have to convert their money into Dollars first. This process is expensive because of bank fees and changing exchange rates.

Here are the main reasons for creating this new system:

1. To Stop Relying on the Dollar: BRICS countries want to reduce their dependence on the US Dollar (this is often called "De-dollarization").
2. Lower Costs: Converting money multiple times costs a lot. A direct currency would make trade cheaper for businesses.
3. Security from Sanctions: When a country uses the US Dollar, it has to follow US banking rules. If the US disagrees with a country, it can "unplug" them from the global payment system (like SWIFT). BRICS wants a system they control.
4. Economic Stability: By using their own system, these countries can protect their economies from financial problems happening in America or Europe.

How Did It Start? 

The idea isn't brand new. It has been discussed for over a decade. However, things got serious after 2022. Because of global tensions and trade wars, Russia and China started pushing for a way to trade without using Western banks.

In 2023 and 2024, leaders at the BRICS summits officially started looking into a "common unit of account." By early 2026, the Reserve Bank of India (RBI) even proposed linking the digital currencies of all member nations to make payments instant.

How Will the BRICS Currency Work?

composed of 40% gold, and 60% of a basket of the domestic fiat currencies 

The BRICS currency isn't likely to be a paper note like the Dollar or the Euro that you carry in your wallet. Instead, it is expected to be a Digital Currency or a Unit of Account.

1. brics nations The Basket Model

Think of a fruit basket. Instead of just one type of fruit, the basket has apples, bananas, and oranges. The BRICS currency (sometimes called "The Unit") might be backed by a "basket" of national currencies. For example:

• Chinese Yuan
• Indian Rupee
• Russian Ruble
• Brazilian Real
• South African Rand

2. Gold and Commodities

To make the currency strong, some experts suggest backing it with Gold or other valuable things like oil and minerals. This would make it "real" money that people can trust because it’s not just based on a government promise.

3. The Digital Connection OF BRICS Pay 

The most likely way people will use it is through a system called BRICS Pay. This is a decentralized digital platform. It allows a person in India to use their phone to pay for a hotel in Russia using their own Digital Rupee, which is then instantly converted through the BRICS system.

How Transactions Will Happen

The transaction module is built on modern technology like Blockchain (the same tech behind Bitcoin, but controlled by governments).

• No Middleman: Instead of waiting days for a US bank to approve a transfer, the central banks of the BRICS countries will talk to each other directly.
• Instant Settlement: Payments could happen in seconds.
• Low Fees: Because there is no "middle bank" taking a cut, the cost of sending money will drop by 30% to 50%.

When Will be BRICS  Launche / Released date ?

This is the big question! According to the latest roadmap for 2026, the process is happening in stages:

1. Testing Phase (Now): Countries like China and India are already testing their own Digital Currencies (CBDCs).
2. Linking Phase (2026): India is hosting the 2026 BRICS Summit, where they plan to discuss linking all these digital currencies together.
3. Official Launch: Many experts believe a functional "trade currency" for businesses could be ready between late 2026 and 2027 not exactly but may be it's take more then years..

The Impact on the Global Market

If the BRICS currency succeeds, the global market will see a massive shift.

• Multipolar World: Instead of one country (the USA) controlling the money, power will be shared among many countries. Also multiple currency for global trade chain 
• New Trade Routes: Trade between Asia, Africa, and South America will grow faster because it will be easier and cheaper. Its have cheaper then USA Dollars 
• Commodity Prices: If BRICS starts selling oil or gold in their own currency, the price of these items will no longer be tied strictly to the US Dollar.

The Impact on America

This is a sensitive topic. For many years, the US has benefited from the Dollar being the world's main currency. It allows the US to borrow money easily and keep prices stable.

Most of the case America always find itself alternate way for his own priority in this case do same like others but this is and very hard to make decisions.

If the world starts using less Dollars:

• The Dollar Could Weaken: If demand for the Dollar drops, its value might go down.
• Higher Costs for Americans: Goods imported into the US might become more expensive.
• Loss of Influence: The US would have less power to use financial sanctions to influence other countries' behavior.

However, the Dollar is still very strong. Most experts say it won't "disappear," but it will have a very strong competitor for the first time in 80 years.

Who Will Be the Superpower? IF BRICS Lunch successfully 

It is not about one country becoming the new king. The goal of BRICS is to create a shared power.

However, China and India are the biggest players here. China has the most advanced digital currency technology, while India has a massive, fast-growing economy. If this currency works, the "Global South" (countries in Asia, Africa, and Latin America) will collectively become a new economic superpower.

BRICS currency price

BRICS Price Till 27 jan 2026 is 

18$ to 20$ usd 

In Chinese YUAN its around 125 YUAN 

Who Can Use This Currency?

Initially, the right to use the system will be for:

• Member Governments: For paying debts or trading resources like oil.
• Large Businesses: Companies importing and exporting goods.
• Travelers: Eventually, tourists traveling within BRICS+ countries might use it through apps on their phones.

Feature	Details
Main Goal	Reduce dependence on US Dollar & lower trade costs
Technology	Blockchain and Central Bank Digital Currencies (CBDCs)
Backing	National currencies and possibly Gold
Projected Start	Major pilot tests and summit decisions in 2026
Key Platform	BRICS Pay
Primary Users	Member nations, big businesses, and eventually tourists

The BRICS currency is more than just a new way to pay. It is a sign that the world is moving toward a more balanced system. While it won't happen overnight, the steps being taken in 2026 show that the process is moving forward. For the average person, this could eventually mean cheaper travel and cheaper products from across the globe.

The journey from a "plan" to a "world currency" is long, but the BRICS nations are determined to change the future of money.