Brics Currency Initiative
Sector: Bridge
Source: Business Standard
The Brics currency initiative proposes the use of a new settlement currency called the 'Unit', which would be backed by gold and local currencies of member countries. This initiative aims to provide an alternative to the US dollar and enhance financial stability among Brics+ nations.
- Status
- Prospective
- Sector
- Bridge
- Updated
- 22 Jul 2026
- Source
- Business Standard
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Project Information
Participants
| Not available for this record. |
Status
Original status | Proposed |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Brics currency initiative proposes the use of a new settlement currency called the 'Unit', which would be backed by gold and local currencies of member countries. This initiative aims to provide an alternative to the US dollar and enhance financial stability among Brics+ nations. |
Original sector | Finance |
Location
| Not available for this record. |
Source
Source | Business Standard |
URL |
More Details
Record type | Project |
Sector | Bridge |
Article published date | 2025-03-21 |
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