The new monetary system within the framework of the BRICS: the essence, goals and prospects

The article analyzes the initiatives of the BRICS countries (Brazil, Russia, India, China and South Africa) to create a new monetary system. The authors consider the plans of the participating countries to strengthen their economic independence and increase their role in the global financial system. The article discusses in detail the prospects for creating a new unit of account, which can become an analogue of SWIFT, as well as plans for the formation of a unified payment system. Special attention is paid to the analysis of the challenges and problems faced by the BRICS countries on the way to the implementation of these initiatives. The authors emphasize that the creation of a new monetary system can be an important step towards strengthening the economic sovereignty of the BRICS countries and increasing their influence in the global economy. However, the implementation of these plans requires careful study and coordination between all participants of the association. The article is an in-depth analysis of the initiatives of the BRICS countries to create a new monetary system and may be useful for specialists in the field of international relations, economics and finance.