BRICS (AI Outlook)

Key BRICS Updates & Trends (Feb 2026) Currently, there are 11 countries who have joined the BRICS bloc.

• Indian Chairmanship: India is prioritizing the Global South, food security, and climate change in its 2026 agenda, aiming to foster cooperation despite geopolitical pressures.

• De-Dollarization Strategy: India is leading initiatives to link BRICS national digital currencies for faster, cheaper, and more efficient trade, reducing reliance on the U.S. dollar.

• Alternative Payment System: Development is underway for a BRICS payment mechanism to rival SWIFT and the dollar-based financial system.

• Gold Accumulation: BRICS central banks are significantly increasing gold reserves, with total holdings passing 5,000 tonnes, acting as a "neutral" asset against geopolitical tensions.

• Expansion & Growth: Ethiopia is in the process of joining the BRICS New Development Bank (NDB) as the fourth African member, strengthening its ties with the bloc.

• Economic Impact: Analysts indicate that potential "BRICS currency shocks" and increased reliance on member-country currencies may continue to drive up gold prices, with 2026 forecasts reaching $4,500–$5,500 per ounce. 

BRICS sells 28.5billion in US Debt, 12/31/25 India led the US treasuries selloff by cutting $12 billion from its holdings in October. China reduced its exposure by $11.8 billion, while Brazil scaled down by around $5 billion. What’s interesting is the Treasury International Capital System data shows that BRICS sell US debt at an accelerated pace over the past year. Between October 2024 and October 2025, China has offloaded $71.4 billion (a significant reduction, clearly). Brazil dumped $61.1 billion, and India reduced its holdings by $50.7 billion over the same period.

Banking giant ING actually warned that BRICS nations are “quietly leaving” the U.S. Treasury market. The reality is, the China India Brazil US debt reduction reflects broader BRICS de-dollarization efforts happening right now. And the selloff was happening at the same time as JPMorgan’s currency outlook for 2026—which, notably, points to continued weakness for the greenback.