BRICS: Common Currency Moves Further Away, Another Strategy Emerges Against the Dollar

The BRICS have decided not to move towards a common currency and are prioritizing settlements in national currencies during their meeting in New Delhi on September 12 and 13, 2026. India stated that there is no official proposal for a single currency, and discussions are focused on bilateral exchanges in local currencies. The summit also addressed the interconnection of central bank digital currencies, although there are still divergences on the technical architecture to adopt.