The Pitch: BRICS Promotes CBDC Interoperability India’s Reserve Bank has formally recommended a proposal for the 2026 BRICS Summit that would link the central bank digital currencies (CBDCs) of all member nations. This digital link—if implemented—would make cross-border trade and tourism easier while circumventing the U.S. dollar entirely. This initiative builds on a 2025 declaration in Rio, where BRICS called for interoperability between payment systems. Now the bloc—Brazil, Russia, India, China, South Africa, and new additions like Iran and the UAE—is taking concrete steps to digitally integrate trade settlements, bypassing the Western-led financial system. What’s Really Going On? This isn’t just another trade agreement or technical upgrade. Let’s break down the deeper implications. 🔹 De-Dollarization by Design Whether the Reserve…
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