Archives Financial sphere - New Eastern Outlook

The main task of BRICS in the financial sphere is not to create a single currency, but to shape a pragmatic and interoperable payment architecture that provides businesses with reliable, fast, and cost-effective cross-border settlements while preserving the monetary sovereignty of member states.

Inertia in international finance is a powerful force in its own right. But loyalty programs built on one member’s permanent goodwill tend to look sturdiest in the years just before their members start reading the fine print.

India’s decision to repatriate more of its gold reserves is about far more than bullion. It reflects a broader reassessment taking place quietly inside central banks around the world as governments weigh financial efficiency against geopolitical resilience in an increasingly fragmented international order. What appears to be a technical monetary adjustment may, in fact, offer a revealing glimpse into the emerging architecture of a multipolar financial system.