币界网报道:BRICS nations are exploring increased use of local currencies for trade settlements amid stalled discussions on creating a common payment unit, according to recent statements from member state officials. The bloc's finance ministers and central bank governors acknowledged challenges in establishing a shared currency during their August meeting, citing divergent economic conditions and regulatory frameworks among members. South Africa's Finance Minister Enoch Godongwana noted that while de-dollarization remains a long-term goal, practical hurdles make a BRICS currency currently unfeasible. Instead, the group is focusing on expanding local currency transactions through mechanisms like the Contingent Reserve Arrangement. This shift comes as BRICS expands to include new members like Saudi Arabia and the UAE, potentially amplifying the bloc's influence in global trade finance. The development reflects growing efforts among emerging economies to reduce dollar dependency, though analysts caution that meaningful progress will require deeper financial integration and infrastructure development.