Could a Brics currency rival the dollar? Could the Brics (Brazil, Russia, India, China, South Africa) ever launch a shared currency to challenge the US dollar's dominant position in the world economy? Can you imagine India ceding central-bank independence to promote a new currency bloc that also includes its longtime rival, China? First, Chinese President Xi Jinping himself has expressed an interest in the renminbi playing a bigger role as a global reserve currency. Is a Brics currency feasible, or still a fantasy?

Source: Bangkok Post February 18, 2026 02:50 UTC