At the 2026 World Economic Forum in Davos, Mark Carney highlighted the accelerating decline of the US dollar's dominance amid growing BRICS influence. BRICS nations, led by India, are advancing technical integration of their central bank digital currencies and expanding alternatives to Western payment systems. Carney emphasized the emergence of a fractured global order and urged middle powers to pursue a 'third path' of coordinated sovereignty rather than dependency on hegemons.

#CBDC