Mysterious BRICS Banknote Explained: End of Dollar on the Horizon?

The concept of a BRICS currency has been discussed within the bloc for several years. However, as the alliance expands and economic pressures intensify, talk of a common BRICS currency has gained new momentum. Recently, at the BRICS summit in Kazan, multiple images were released by the official BRICS website showing a symbolic currency note being presented to the President of Russia in his role as the current BRICS chair. This imagery has fueled speculation about the future of a potential unified currency, whether in the form of a new BRICS-specific note, the yuan as a common currency, or another medium designed to reduce reliance on the U.S. dollar as a global reserve currency.