- BRICS officials unveil new currency prototypes with plans for a 2026 rollout.
- Test banknotes in three denominations have been distributed among member countries to symbolize unity.
- The souvenir notes feature national flags, historic landmarks, and wildlife images from BRICS nations.
- Over 10,000 symbolic notes have been issued to demonstrate commitment to financial collaboration.
- Brazil and other BRICS countries are leading development efforts, with key implementation discussions scheduled for late 2026.
Officials from the BRICS group, which includes Brazil, Russia, India, China, and South Africa, have introduced prototype designs for a new joint currency, aiming for full launch by 2026. Leaders distributed commemorative banknotes as test samples at recent summits and meetings in several member countries.
According to Sergey Katirin, president of the Russian Chamber of Commerce and Industry, the prototype banknotes come in denominations of 50, 100, and 200 units. At the 2024 BRICS summit in Kazan, a 50-unit note was presented to Russian President Vladimir Putin. A 200-unit note was later unveiled at the St. Petersburg International Economic Forum.
Officials showcased approximately 10,000 symbolic notes in July 2025 to signal the currency’s purpose and ongoing progress. During a handover in Pretoria, Russian representatives gave a series of 1,000 sample 100-unit banknotes to South African partners. Katirin confirmed: “The souvenir banknotes of the BRICS group were issued in denominations of 50, 100 and 200 monetary units.”
The new currency designs display the flags of all BRICS member countries, surrounded by national monuments and wildlife. Katirin explained this was intended to visually reflect the group’s unity and its vision for economic cooperation: “This is how the concept of the souvenir banknote came about as a symbol of the common movement towards the new architecture of international economic relations.”
President Putin commented on the bloc’s currency efforts in light of ongoing economic sanctions: “We are not refusing, not fighting the dollar, but if they don’t let us work with it, what can we do? We then have to look for other alternatives, which is happening.” Iranian Ambassador to Russia Kazem Jalal also stated, “Iran and Russia are working together to bring about a BRICS common currency that would negate economic impacts of US sanctions.”
In addition to paper note prototypes, officials are developing digital infrastructure, including the “BRICS Pay” payment platform, to support the proposed currency. Coordination continues among member countries, led by Brazil, with key policy decisions expected to be discussed at the upcoming India summit as the late 2026 launch target approaches.
The distributed notes hold no monetary value at present but act as symbols of progress and intent among BRICS nations to advance towards a new joint financial system. For more information, see Sergey Katirin.
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