It's interesting that more and more is being said about how the BRICS currency could change the global trading system. Recently, I noticed a project that shows how seriously this group is approaching de-dollarization. It's about a digital transaction instrument called Unit, which was introduced by the Russian Institute of Economic Strategies. This is no longer just theory — in October of last year, they launched a pilot by issuing 100 units.

What caught my attention? The construction of this solution. Unit is backed by a reserve basket: 40 percent is physical gold, and 60 percent consists of currencies from BRICS countries, with equal weight for each — the Brazilian real, Chinese yuan, Indian rupee, Russian ruble, and South African rand. Initially, each unit was linked to one gram of gold, but the value adjusts daily. At the beginning of December, the basket was valued at the equivalent of 98.23 grams of gold.

What is being done here is truly a step toward a real alternative to the dollar. The BRICS currency in this form could facilitate trade between countries without having to go through the dollar system. Of course, this is just a prototype and not yet official policy, but it demonstrates concrete commitment from these economies. It’s worth watching how this project develops because if it succeeds, we could see a significant change in the global financial system.