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Originally published by Nation Businessbusiness
September 15, 2026
1h ago
What’s the BRICS ‘UNIT’? And could it really challenge US dollar?
The bloc is exploring a new way to reshape cross-border trade...
✨ Key Highlights
Emerging economies under the BRICS+ bloc are developing a new digital currency and payment system called the UNIT, potentially challenging the dominance of the US dollar in global trade.
- The UNIT is backed by a reserve basket of 40% gold and 60% BRICS+ currencies, utilizing blockchain technology.
- The expanded BRICS+ group, including members like China, India, and newly added nations such as Egypt and Saudi Arabia, accounts for 48.5% of the global population and 39% of global GDP (PPP).
- This initiative aims to reduce dependence on the US dollar for cross-border trade and could foster greater economic interdependence among member states.
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