Reducing global dependence on the U.S. dollar is expected to be a key part of the discussions in the 18th BRICS Summit, chaired by India, happening in New Delhi on September 12 and 13, 2026.
Finance ministries’ and central bank governors from BRICS countries met in August to discuss the facilitation of cross-border payments and strengthening of national currencies.
The BRICS bloc with its 10 member countries — Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the UAE — has grown in strength in its objective of advancing trade and diplomatic relations within the Global South, which makes cross-border payments desirable.
Reducing global dependence on the U.S. dollar is expected to be a key part of the discussions in the 18th BRICS Summit, chaired by India, happening in New Delhi on September 12 and 13, 2026. Finance ministries’ and central bank governors from BRICS countries met in August to discuss the facilitation of cross-border payments and strengthening of national currencies.
The BRICS bloc with its 10 member countries — Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the UAE — has grown in strength in its objective of advancing trade and diplomatic relations within the Global South, which makes cross-border payments desirable.
