A BRICS currency is impossible, and a BRICS digital currency is equally unworkable. The bloc’s underlying economies and currencies are too weak, and member states refuse to give China control over their economies. As a result, the U.S. dollar remains the world’s dominant reserve and exchange currency. India has formally declined to join a proposed BRICS common currency while separately floating a digital payment proposal for the bloc’s 2026 summit. Neither proposal has been accepted by the BRICS countries, and neither is feasible. This is why the U.S. dollar will remain the world’s primary reserve and exchange currency, including among BRICS members, whose currencies are all weaker than those of any G7 country. The Reserve Bank of India has proposed that BRICS nations establish a…
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