Work

Use of national currencies in international settlements: experience of the BRICS countries

Year: 2026

Type: article

Abstract: Financial crises of the past decades revealed the instability of the modern international monetary system based on a single dominant currency. Increasing the role and turnover of national currencies in international economic transactions and payments would contribute to redressing the existing imbalance. BRICS countries' experience indicates that efficient currency internationalization can be reached by both forming a number of prerequisites and financial and economic policies pursued by the authorities. Strengthening the BRICS countries' collaboration and implementation of joint initiatives should help create favorable conditions for promoting a wider use of their currencies in international settlements.

Source: Human Science Research Council SA

DOI: 10.14749/32382441

Author: Human Sciences Research Council

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Partnerships for the goals

Open Access status: green

Funder: Human Sciences Research Council

OpenAlex ID: W7162189290

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