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BRICS+ proposes the UNIT digital currency, backed by gold and currencies, to reduce reliance on the dollar and euro.
At the 2024 BRICS summit, the bloc introduced the R5 banknote as a step toward a new financial system.
Now, plans are advancing for the UNIT, a proposed digital currency backed by 40% gold and 60% in BRICS+ currencies, using blockchain for cross-border trade settlements.
The initiative aims to reduce reliance on the US dollar, euro, and yen, lowering costs and shielding members from financial volatility.
With BRICS+ representing nearly half the world’s population and significant global economic output, the project is part of a broader push for a multipolar global order.
However, its success depends on credible governance, political unity, and avoiding potential US retaliation.
While gold reserves within the bloc have grown, the UNIT remains uncertain and likely symbolic without major structural progress.
BRICS+ propone la moneda digital UNIT, respaldada por oro y divisas, para reducir la dependencia del dólar y el euro.