Minister Drops Major New Hint on BRICS Currency - Here’s What You Need to Know
BRICS currency talks heat up as minister drops biggest clue yet about potential launch timeline.
The Dollar's Worst Nightmare
Emerging markets just fired another shot across the bow of traditional finance. A senior minister's latest comments suggest the long-rumored BRICS currency might be closer than Wall Street wants to admit.
Gold-Backed or Digital First?
Insiders speculate this could bypass SWIFT entirely—opting for a blockchain-based settlement system that would make cross-border payments instantaneous. No more waiting three business days while banks collect their fat fees.
Timing Is Everything
Most analysts missed the subtle shift in rhetoric until now. The minister didn't just confirm development—he hinted at operational testing within the next fiscal year.
Because nothing says 'financial revolution' like a group of nations trying to create a currency while still figuring out how to coordinate monetary policy. But hey, at least it's not another stablecoin promising 20% APY before vanishing overnight.
“Must Act,” Says Jaishankar on BRICS Currency Plans
Briefly speaking about the BRICS currency plans, S Jaishankar said that wetowards the development, a video from The Times of India shows. He did not go into length about the topic but spoke about the idea minimally. The development indicates that India and Russia might have discussed the prospects of a BRICS currency amid Trump’s tariffs. However, the external affairs minister did not provide further details about the plan and spoke about India-Russia relations.
Trump imposed 50% tariffs on India for procuring oil from Russia and also slapped a fine for the ordeal. Several analysts, including economist Jeffrey Sachs, condemned the tariffs, calling the WHITE House’s move immature. He also advised India to stick with the BRICS countries and work on currency plans and not trust the US. Many countries are looking to distance themselves from the US dollar as the White House is weaponizing the currency.
