Will the BRICS Be the Leaders in Central Bank Digital Currencies

The study discusses the opportunity for the BRICS to implement a common supranational Central Bank Digital Currency (CBDC). Starting from the observation that many CDBC projects are under study all over the world and that the subject is hardly treated in the academic literature, we have sought to propose a general definition of the concept of CBDC. Based on this definition, both technical and monetary opportunities and constraints are studied in the case of the BRICS supranational CBDC project.