Tuesday, 08 September 2026
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India News from India · WORLD EUROS
Nº 59 Tuesday, 08 September 2026
Business

Beyond the greenback: How Brics is engineering a multipolar cross-border financial system

Beyond the greenback: How Brics is engineering a multipolar cross-border financial system
Sources: Firstpost

Brics is building a multipolar cross-border payment architecture designed to reduce dependence on the US dollar and Western financial networks. From Brics Pay and local-currency settlements to CBDCs and digital payment rails, the bloc is pursuing greater financial autonomy while stopping short of replacing the dollar entirely

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