2026-01-19 19:44:10

India's central bank is making a bold move to reshape cross-border finance. According to Reuters sources, the Reserve Bank of India has recommended establishing an official digital currency framework for BRICS member nations to streamline international payments. The proposal targets the 2026 BRICS summit, aiming to significantly reduce reliance on U.S. dollar settlements amid rising geopolitical tensions. This initiative reflects growing efforts among emerging economies to build alternative financial infrastructure and enhance monetary sovereignty in an increasingly multipolar world. The move could fundamentally alter how member nations conduct bilateral and multilateral trade while strengthening economic independence.

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NFTPessimist

· 8h ago

Is the dominance of the US dollar finally coming to an end? Speaking of which, India’s move is really bold—BRICS is teaming up to bypass dollar settlement... If this really happens, the global financial landscape will undergo a major reshuffle.

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LuckyBlindCat

· 8h ago

Dollar dominance is about to loosen, and India's move this time is really aggressive.

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Anon32942

· 9h ago

Yo, India's move can be considered good, they are really serious Not gonna lie, the US dollar hegemony should be targeted, supporting de-dollarization BRICS working on a digital currency framework? Definitely a trend To put it nicely, it's called sovereignty independence; frankly, it's about opposing the US Federal Reserve The 2026 summit is worth paying attention to, this time it's for real Wait, can the technical side really be handled? I have my doubts India stepping up unexpectedly, I thought China and Russia would act first Now that's good, geopolitical tensions are about to escalate again Someone should have done this a long time ago

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FunGibleTom

· 9h ago

NGL, India's recent moves are indeed impressive. De-dollarization should have started long ago. --- BRICS is developing its own digital currency framework? Finally, someone is serious about it. --- By the way, if this really happens, what practical impact will it have on us ordinary people? --- It's called sovereignty and independence in a nice way; in a harsh way, it's a declaration of war against the dollar... --- We still have to wait two more years until 2026. Whether it will truly be implemented remains to be seen. --- Wow, this will definitely make the Federal Reserve nervous, haha. --- Multipolarization is the trend; dollar hegemony will eventually give way. --- In my opinion, this is a game of great powers. Retail investors, let's just wait and see.

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