A new BRICS currency showcasing a 200-denominated bank note is doing the rounds on social media at the 2025 summit. The bill showcases the flags and national birds of the member countries signifying unity despite their differences. The bank note has sparked discussions about its significance and prospects in the forex markets.
Also Read: India Made a Smart Move by Rejecting BRICS Currency: Analyst
2025 Summit: Did BRICS Unveil the 200-Denominated Bank Note?
The 200-denominated bank note from BRICS is not real and is only symbolic. Russian President Vladimir Putin displayed the mock-up bill at the St. Petersburg International Economic Forum 2025 (SPIEF). Putin had also displayed a symbolic BRICS currency during the 2024 summit in Kazan.
Each time there’s a summit in Russia, Putin has been displaying mock-up BRICS bank notes for two consecutive years. The bill cannot be taken seriously as it’s not an official currency of the alliance. The bloc is still far from launching a new tender in the global markets as the development is in the nascent stages.
Even member nations are yet to agree on a BRICS common bank note that can determine the bloc’s future. While Russia, China, and Iran want a create a new currency, India, Brazil, the UAE, and South Africa are on two minds. Not everyone is on board and has different ideologies about the future prospects of the alliance.
Also Read: BRICS To Discuss Rare Earth Supply & Exports at 2025 Summit
India has openly rejected the formation of a BRICS currency indicating that the bank note is null. Alliance members believe that China is using BRICS as a stepping stone to progress towards world domination. Russia and Iran want the formation of a new currency as they’re economies are sanctioned by the US.
There is no other option but to rely on other forms of payment than the US dollar. This makes them desperate to see a new tender emerge as the USD is severely denting their economies. Also, the 200-denominated BRICS bank note is nothing but fake and has no value in the real world. It cannot be traded for anything or exchanged for any form of goods or services.