00:00When Russia came out of the world, the whole world saw that the global payment system is so powerful.
00:07But now, BRICS is making its own payment route.
00:12So, what about Russia's digital rupee, China's digital yuan and Russia's ruble?
00:17Is it BRICS's currency?
00:22Or is it not a currency?
00:24It's not a dollar without payment.
00:26And in this whole case, how much is it?
00:31These are some questions from BRICS after the summit.
00:35This is why, in this video, you will know the de-dollarization of it.
00:42But first of all, you will have a flashback to you.
00:46In 2022, for Russia, Western countries and countries have made many financial sanctions.
00:52So, you can disconnect the bank from SWIFT to SWIFT network.
00:57Now, there is a very important thing about SWIFT.
01:02SWIFT itself is not a bank.
01:03It is not a bank, nor is it the people's money.
01:06You can find a secure messaging network in the world of banks.
01:10Now, let's take a look.
01:12If you buy a bank from China from China,
01:15you can send a message from China to China.
01:17You can send a message from China to China.
01:18You can send a message from the international banking system.
01:49So, you can send a message from many banks to the bank.
01:50Because the real power is not just swift, the real power is the dollar.
01:54The dollar is the biggest reserve currency in the world.
01:57In international trade, commodities, loans and cross-border transactions,
02:01it is a very big level.
02:04In April, in BIS, in April of 2025,
02:09the dollar of the world's 89% of the foreign exchange transactions,
02:15the dollar is one way.
02:16That means, how much the dollar is in the global currency market?
02:21This is the same.
02:23Now, the BRICS country wants to reduce its dependence.
02:27But here is a big question.
02:29Is it going to be a common currency?
02:31This idea is very interesting.
02:33If India, China, Russia, Brazil and other BRICS countries
02:37make a common currency,
02:39it can be traded without the dollar.
02:41But it is not easy to make a common currency.
02:43It is not easy to make a common currency.
02:45It is not easy to make a new note or digital token launch.
02:48It is not easy to make a common central bank.
02:51It needs a common monetary policy.
02:53It needs a common monetary policy.
02:54It needs interest rates.
02:54It needs a supply.
02:56It needs a supply.
02:56It needs a control of a country.
02:57If it needs recession, then what will happen?
03:00If it needs inflation, then what will happen?
03:03And the biggest problem is that
03:05the government and China will control the common institution.
03:11This is a common currency.
03:12And the reason is that
03:13the common BRICS currency is very difficult to make a common currency.
03:32Here, local currency settlement or CBDC
03:35or central bank or digital currency
03:37is a capital currency.
03:39For example,
03:41in Russia and Russia,
03:42there is a trade settlement in Russia.
03:46In China and Russia,
03:47the yuan and the ruble also have increased.
03:49But the local currency trade
03:52is not acceptable to accept its challenge.
03:55India is a lot of steel.
03:58But Russia has not used much money from India.
04:02So Russia has a large amount of money.
04:05The question is,
04:06where will it be?
04:07Where will it be?
04:08This is why,
04:10local currency settlement
04:11to make a successful and successful
04:13to make a political agreement
04:16to make a balance.
04:17For example,
04:19currency,
04:20convertibility,
04:21investment opportunities
04:22and financial markets
04:25which can be used by the currency.
04:28Now,
04:29to the most important angle of the world.
04:32The share of BRICS currency
04:34is a practical way of digital payment connectivity.
04:39There is a digital rupee.
04:41There are UPI payments
04:43or E-Rupee.
04:45China has an ECNY.
04:49The other countries
04:50are developing their CVDCs.
04:52If they are developing their digital currencies
04:54and fast payment systems
04:56within the past payment system,
04:57then,
04:58in the coming time,
04:59a country's business
05:01can be easily
05:01in other BRICS countries.
05:04This is not a common BRICS currency.
05:06Do not.
05:07In BC,
05:08China will not cover their own revenues.
05:09China will keep its own new ones
05:10and Russia will keep its own ruble.
05:12But they can easily make a simple payment
05:14and fast.
05:16They can create a smooth way of trading.
05:17the whole strategy
05:18can be made.
05:19If you buy a common currency,
05:21and not a common PAYMENT connectivity.
05:23In this BRICS summit,
05:25it is also come about 2026
05:25BRICS summit
05:26in the future.
05:28But what does this mean that BRICS will quickly replace SWIFT? No, because SWIFT is UPI and CBDC's roles are
05:36different.
05:36SWIFT is a majorly bank's financial messaging network, UPI is instant retail payments and CBDC is central bank money's digital
05:46form.
05:46This is why BRICS's Alternative Payment Network will start in small small bilateral corridors, such as India-Russia, India-UAE,
05:56China and other member countries.
05:58If this system is successful, then its network will increase.
06:02But here the technology will not only be enough. Political Trust, Cyber Security, Common Legal Standards, Money Laundering and Terrorism
06:10Financing.
06:13And the most important thing is that the government needs data and governance to make an agreement.
06:19For this, there are great benefits for this. Cross-border payments, remittances, costs can be reduced.
06:26UPI and Digital Rupee can be international use.
06:31The trade settlement can be increased.
06:33And the long-term related to another country from a country's financial infrastructure will not be fully dependent on the
06:39risk.
06:40But the risk also helps 비례� Roe & China.
06:41In China and China, the strategic trusts have limited.
06:44May the capital controls and data rules are different.
06:47Rupiah is not a freely convertible currency and if there is no alternative payment network for sanctions to save money,
06:55then there is a risk of secondary sanctions as well.
07:01So, BRICS dollar will not be able to do a break.
07:05So, if there is a question in mind that if there is a dollar or a de-dollarization, then the
07:10de-dollarization will not be able to do that.
07:12Because the dollar's power is not only in America's politics.
07:16There are massive financial markets, heavy liquidity, dollar-dominated assets, international contracts and commodities.
07:24And it is the most important thing in the world.
07:28So, in the years, there is a more realistic scenario that the dollar will not be able to do,
07:33but in some sectors, some sectors, its monopoly will not be able to do that.
07:39And in America, this is also a big deal.
07:42In some countries, local currency trade can increase.
07:44In some payment corridors, CBDC and fast payment systems can be used.
07:48Some transactions can be removed from dollar-based banking networks,
07:52but it doesn't mean that BRICS has replaced the dollar.
07:57It will be more interesting.
07:58First of all, BRICS is going to be removed from dollar-based banking networks.
08:03In Russia, SWIFT sanctions has increased this process.
08:08China has its digital payment and currency infrastructure.
08:12And India, UPI, rupee and digital rupee,
08:15it's a different model.
08:17BRICS is a common currency now.
08:19But in dollar-based payment options,
08:21its investment and financial Solutions are to be able to do,
08:22in the future,
08:23if the customer and industrial rupee plans are being done,
08:23Given that India's CBDC and Fast Payment Connectivity model,
08:27the customer has been here now,
08:28then, in the coming months,
08:28there will not be a single highway in global payment system.
08:30There will not be one single highway.
08:32It will not be different.
08:33With this, there will be various routes,
08:34the dollar may be the biggest route.
08:36The dollar may be the biggest route,
08:37but it will not be the first payment route to that route.
08:41is not going to happen. America on this summit is a big deal in this summit. But if the dollarization
08:50is near the future, it is not the answer to this question.
08:54Just for payment modes, there is no lack. What do you think? What will the dollar replace the other countries?
09:01Comment section in the comment section.
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