The Reserve Bank of India proposes to establish a "BRICS Digital Currency Interconnection" system, utilizing blockchain technology to build a cross-border settlement network aimed at bypassing the US dollar and enhancing settlement efficiency and transparency. The plan does not involve issuing a new currency but creating a permissioned blockchain platform.

The Reserve Bank of India is promoting the establishment of an interconnection system for central bank digital currencies among BRICS countries, aiming to simplify cross-border trade and tourism, reduce the dominance of the US dollar, and plans to discuss this proposal at the 2026 BRICS summit.

On January 19, it was reported that the Reserve Bank of India is promoting the interconnection of central bank digital currencies (CBDCs) within the BRICS framework to enhance cross-border trade and tourism payment efficiency, and to reduce dependence on the US dollar system to some extent. Reuters reported that the Reserve Bank of India (RBI) has suggested that the government include this proposal in the official agenda of the 2026 BRICS summit, which India will host. If New Delhi agrees, this will be the first time that CBDC interoperability is formally submitted for discussion at the BRICS level. This move is closely related to the current changes in the global payment landscape. As geopolitical uncertainties increase, payment infrastructure is becoming an important part of countries' strategic considerations, with digital currencies, tokenized settlements, and cross-border clearing efficiency at the core of policy discussions.

ChainCatcher News, according to Jinshi reports, sources reveal that the Reserve Bank of India has proposed that BRICS member countries interconnect their digital currencies for cross-border payments. The Reserve Bank of India has requested the government to include this proposal in the 2026 BRICS summit agenda.

The BRICS countries have launched a gold-backed digital trade currency called "Unit," supported by a reserve basket consisting of 40% physical gold and 60% BRICS national currencies. Although it has not yet become official policy, this pilot project is a step toward de-dollarization. Currently, the value of one Unit is approximately 0.9823 grams of gold.