---
title: "BRICS Currency Proposal Lacks Consensus Amid Local Trade Developments"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281749028.md"
description: "BRICS nations have not reached a consensus on establishing a shared currency, according to Brazilian President Lula. Despite Russia and China now conducting 99.1% of their trade payments in rubles and yuan, the idea of a common currency remains unfulfilled. According to NS3.AI, local-currency trade frameworks and a BRICS payment system are expanding, alongside the development of a prototype BRICS Unit. However, India has shown resistance to the concept of a unified currency, while the U.S. dollar continues to dominate global foreign exchange transactions."
datetime: "2026-04-06T10:09:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281749028.md)
  - [en](https://longbridge.com/en/news/281749028.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281749028.md)
---

# BRICS Currency Proposal Lacks Consensus Amid Local Trade Developments

BRICS nations have not reached a consensus on establishing a shared currency, according to Brazilian President Lula. Despite Russia and China now conducting 99.1% of their trade payments in rubles and yuan, the idea of a common currency remains unfulfilled. According to NS3.AI, local-currency trade frameworks and a BRICS payment system are expanding, alongside the development of a prototype BRICS Unit. However, India has shown resistance to the concept of a unified currency, while the U.S. dollar continues to dominate global foreign exchange transactions.

### Related Stocks

- [520870.CN](https://longbridge.com/en/quote/520870.CN.md)
- [RSX.US](https://longbridge.com/en/quote/RSX.US.md)
- [159100.CN](https://longbridge.com/en/quote/159100.CN.md)

## Related News & Research

- [BELARUS' LUKASHENKO: WE WILL TOGETHER WITH RUSSIA PROTECT BOTH OUR COUNTRIES IN CASE OF AGGRESSION](https://longbridge.com/en/news/287233627.md)
- [UKRAINIAN DRONE ATTACKED TRANSPORT FACILITY IN RUSSIA'S BRYANSK REGION, TWO PEOPLE KILLED - ACTING GOVERNOR](https://longbridge.com/en/news/287231327.md)
- [AI face is taking over — and driving plastic surgeons crazy](https://longbridge.com/en/news/286641783.md)
- [WHITE HOUSE POSTPONES AI EO SIGNING CEREMONY: AXIOS](https://longbridge.com/en/news/287246865.md)
- [Russia does not intend to get involved in an arms race, Putin stated.](https://longbridge.com/en/news/287236043.md)