Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 8-13-25
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Brazil Leads BRICS Toward Historic Common Currency Launch by 2026
The BRICS common currency initiative is entering its most advanced phase yet, with Brazil spearheading efforts toward what analysts forecast as a potential 2026 launch. Recent developments include progress on digital payment systems, expanded local currency settlements, and blockchain-based infrastructure — positioning the project as a direct challenge to U.S. dollar dominance.
Momentum Builds After 2024 and 2025 Summits
2024 BRICS Summit in Kazan saw major breakthroughs in monetary cooperation. Russian President Vladimir Putin was seen with what appeared to be a prototype BRICS banknote.
Putin emphasized that BRICS is not rejecting the dollar outright but is seeking alternatives due to restrictions on its use:
“If they don’t let us work with [the dollar], what can we do? We have to look for other alternatives, which is happening.”
2025 Brazil Summit maintained currency momentum despite some high-profile absences. Analysts now view 2026 as a realistic target for the rollout, with digital settlement mechanisms being implemented across member nations.
U.S. Tariffs Accelerate De-Dollarization
U.S. tariffs on Brazilian exports under the Trump administration have intensified BRICS’ push for a shared currency.
Brazilian President Luiz Inácio Lula da Silva and Chinese President Xi Jinping have pledged deeper cooperation to resist “unilateralism and protectionism.”
Diplomatic strains escalated after Brazil’s Finance Minister canceled a meeting with the U.S. Treasury Secretary.
Economic Benefits and Strategic Impact
Reduced dollar dependency and greater transaction efficiency are top economic drivers for the BRICS currency project.
Iranian Ambassador to Russia Kazem Jalal stressed that the initiative would help member nations bypass the impact of U.S. sanctions.
Integration of blockchain technology and central bank digital currencies (CBDCs) is advancing, enabling a modern settlement framework.
2026 Implementation Path
Brazil’s leadership is focused on aligning monetary policies, inflation management, and payment infrastructure across BRICS members. Despite varying economic conditions, the bloc is consolidating around shared frameworks to ensure the currency’s successful rollout.
@ Newshounds News™
Source: Watcher Guru
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