BRICS countries accelerate the transition to CBDC payment systems

SchrödingersNode · 2026-02-09T07:05:36+00:00

The BRICS countries are increasing efforts to develop central bank digital currency (CBDC) payment infrastructures to reduce dependence on dollar-dominated international payment systems. India plays a leading role in this initiative, promoting cross-border CBDC corridors at the upcoming BRICS summit in 2026, aiming for greater monetary sovereignty and resilience. Utilizing blockchain technology ensures secure and efficient transactions while maintaining national control over monetary regulations. This shift reflects a desire for a more multipolar financial architecture, enabling independent monetary policies.

SchrödingersNode

2026-02-09 07:05:36

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BRICS member countries are intensifying their efforts to develop payment infrastructures based on central bank digital currencies. This approach addresses a key strategic goal: gradually reducing their exposure to international settlement systems dominated by the dollar, notably SWIFT. India plays a leading role in this dynamic.

A coordinated strategy to reduce dependence on the dollar

India’s Reserve Bank is actively promoting the integration of cross-border CBDC corridors into the BRICS summit program scheduled for 2026. This initiative addresses monetary sovereignty issues shared by all member countries. By bypassing traditional payment channels, BRICS aims to strengthen their financial resilience and independence from Bretton Woods institutions.

Secure and interoperable technological architectures

The proposed framework relies on blockchain technology to ensure both transaction efficiency and exchange security. Unlike a common currency that could face major political obstacles, this approach preserves each country’s sovereign control. CBDC corridors will enable the creation of interoperable payment networks while maintaining national capital controls and monetary regulations specific to each economy.

Toward a multipolar monetary architecture

This transition reflects a broader desire among BRICS countries to build a financial system less dependent on Western institutions. By establishing autonomous and decentralized payment systems, member countries enhance their ability to conduct independent monetary policies. The development of cross-border CBDCs thus fits into a gradual transformation of the international monetary order.

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