The resultant backlash is accelerating monetary dialogue among the BRICS countries through their common financial institutions (BRICS NDB, BRICS CRA) in the rise of protectionism, current account imbalances, currency mismatches, mounting strains on national banks, increasing external shocks on...

The paper highlights problems of minimizing currency discrepancies inso far they affected the structure and the volume of intra-BRICS trade in 2019-2021. The main findings turn to the greater involvement of existing BRICS outreaching mechanisms and to enrich the BRICS Pay with clearing function...