There are active movements regarding participation and collaboration in the BRICS framework, particularly in the areas of development finance and trade payments. The New Development Bank, headquartered in Shanghai and now led by former Brazilian President Dilma Rousseff, is actively providing loans in local currencies and seeking further financial expansion.
Outlook
While no specific schedule for the introduction of a common currency or a full-fledged payment system has been presented, the unveiling of symbolic BRICS banknotes marks an important milestone. This represents a shared vision to rethink financial dependence among member countries and to build a framework that reflects their collective economic weight.
President Putin stated, 'The goal is not exclusion or isolation, but to build a fair economic system that is not disrupted by political whims.'
As geopolitical rifts deepen and the Global South asserts greater autonomy, the Kazan Summit may be remembered not for what was implemented but as a turning point for what was envisioned.
Futures signal with delisted coin