Will BRICS announce a new currency at the October summit? The upcoming annual summit of the BRICS bloc, scheduled for October in Russia, will centre on discussions about introducing a new currency to challenge the dollar's dominance. Explore the possibility of a BRICS currency launch and what it means for the global economy. The BRICS alliance has been working to develop its own native currency over the last year, and it is likely to be unveiled at the 2025 BRICS Annual Summit in October, although expectations were originally higher for the 2024 summit. Ambassador Kwele revealed plans for a meeting between Finance Ministers in May to further discuss this currency initiative. Recent discussions, like those sparked when Vladimir Putin called for an alternative international payment system at the recent BRICS summit (BRICS Challenge: A New Currency), point to ongoing efforts to de-dollarize. Although President Putin was presented with a mock-up of the alleged currency at the summit, there are no official records to support an unveiling ceremony for the note. Stay informed about the potential unveiling of a BRICS currency and the future of international finance. The upcoming BRICS summit, scheduled for October 2025 in Russia, could be a pivotal moment.
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The upcoming annual summit of the BRICS bloc, scheduled for October in Russia, will centre on discussions about introducing a new currency to challenge the Ambassador Kwele revealed plans for a meeting between Finance Ministers in May to further discuss this currency initiative. The upcoming BRICS summit, scheduled for October 2025 in The BRICS alliance has been working to develop its own native currency over the last year, and it is likely to be unveiled at the 2025 BRICS Annual Summit in October. President Putin was presented with a mock-up of the alleged currency at the summit however, there are no official records to support an unveiling ceremony for the note. BRICS Challenge: A New Currency. At the recent BRICS summit, Vladimir Putin called for an alternative international payment system, sparking discussions about de