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According to sources within Telegram channels, BRICS is considering the introduction of a standardized currency for purchasing select groups of goods among member countries.

The proposed plan includes utilizing the yuan for acquiring technological products from China, the rial for procuring oil from Iran, the rupee for transactions involving gold and jewelry from India, and the real for purchasing agricultural products from Brazil.

There are discussions regarding future financial activities being linked to a singular currency, potentially backed by gold, or transitioning all settlements into national currencies. This initiative aims to establish an alternative to the dominance of the U.S. dollar.

However, immediate departure from the dollar seems improbable, and adopting the gold standard in today’s economy is deemed unrealistic. Analysts suggest the most feasible approach would involve creating a non-cash payment system within the association or establishing a reserve comprising a basket of currencies from BRICS member nations.