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flag BRICS+ proposes the UNIT digital currency, backed by gold and currencies, to reduce reliance on the dollar and euro.

flag At the 2024 BRICS summit, the bloc introduced the R5 banknote as a step toward a new financial system. flag 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. flag The initiative aims to reduce reliance on the US dollar, euro, and yen, lowering costs and shielding members from financial volatility. flag 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. flag However, its success depends on credible governance, political unity, and avoiding potential US retaliation. flag While gold reserves within the bloc have grown, the UNIT remains uncertain and likely symbolic without major structural progress.

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