BRICS is piloting a gold-backed digital trade currency called the Unit, combining gold and member currencies to facilitate cross-border settlements. India is promoting linking Central Bank Digital Currencies (CBDCs) for cross-border payments at the 2026 summit, enhancing payment integration and reducing reliance on the US dollar. These moves, alongside significant gold accumulation by BRICS nations, signal a growing shift toward de-dollarization and alternative global trade settlement mechanisms.

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