The SWIFT network is preparing to launch a Central Bank Digital Currency (CBDC) in the near future, a move that might disrupt the plans of the BRICS countries. Recent reports show that the development of this new currency is progressing and is expected to be operational in the next 12 to 24 months.

SWIFT's CBDC project is a significant development that could shake up the global financial system, challenging the dominance of the US dollar and potentially competing directly with the forthcoming BRICS currency. The initiative has already undergone a successful six-month trial and has garnered support from various stakeholders worldwide.

If SWIFT's CBDC is launched before the BRICS currency, it could have a substantial impact on the international financial market and hinder the dedollarization efforts of the BRICS nations. This dynamic sets the stage for a critical competition between SWIFT's CBDC and the planned BRICS currency, shaping the future landscape of global finance.