Inclusive economic development principles for integrating central bank digital currencies in BRICS

Central Bank Digital Currencies (CBDCs) is a potential catalyst for promoting cross-border integration, trade, and inclusive economic development within the context of BRICS countries. The study recommends that the BRICS implement an integrated Multiple CBDC (MCBDC) model, as the Bank of International Settlements recommended, and delves into the essential design principles for CBDCs to ensure alignment with financial inclusion objectives and cross-border interoperability.