Recommends implementing a multiple CBDC model to enhance economic development across BRICS countries, suggesting key design principles for success.
Central Bank Digital Currencies (CBDCs) is a potential catalyst for promoting cross-border integration, trade, and inclusive economic development within the context of BRICS countries. The study recommends that the BRICS implement an integrated Multiple CBDC (MCBDC) model, as the Bank of International Settlements recommended, and delves into the essential design principles for CBDCs to ensure alignment with financial inclusion objectives and cross-border interoperability.
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Human Sciences Research Council (2026) studied this question.
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