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The aim is to investigate how transitioning from a common currency idea to a settlement system can enhance BRICS integration.

March 6, 2026Современная Европа / Contemporary Europe

BRICS: From the Idea of to Payment System and Back

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Analysis explores how currency integration can enhance BRICS cooperation, suggesting a new payment system framework.

The aim is to investigate how transitioning from a common currency idea to a settlement system can enhance BRICS integration.
Analysis of current initiatives in BRICS currency cooperation.
Examination of digital financial assets for potential settlement system usage.
Historical comparison with the European Currency Unit and IMF Special Drawing Rights.
Potential to launch a new payment system based on digital financial assets.
Initial implementation could be bilateral, allowing for expansion to other BRICS members.
Creation of a competitive payment system may lead to enhanced currency integration.

Kirill Gusev (2025) studied this question.

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