The question of a 'BRICS currency' dominates financial discussions. What will it be? The BRICS currency concept is simple on the surface: create a shared payment system or coin that reduces reliance on the US dollar for trade between member nations. The idea behind a common currency is simple: to give member countries more control over trade and payments, with tools like BRICS Pay, a proposed payment system designed to enable easier transactions.

But the implications are far from simple. Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what's known as de-dollarization. This shift away from the dollar is a core motivator for proponents of a BRICS currency.

However, the complexities of implementing a successful shared currency are immense. Factors like varying economic strengths, political landscapes, and the need for centralized control all pose significant hurdles. Some analysts suggest that a basket of currencies, weighted according to each nation's economic contribution, is a more feasible initial step than a completely new, single currency.

The creation of a BRICS currency, while designed to challenge the US dollar's dominance, may ironically benefit the U.S. But what’s most ironic is that a BRICS currency would likely help the U.S. – as it would mean the U.S. could manufacture and export more abroad through a weaker dollar, boosting its economy and global competitiveness.

Ultimately, the 'BRICS currency what will it be' debate centers on geopolitical power, economic independence, and the future of international finance. While the path forward remains uncertain, the potential impact on global trade and the US dollar is undeniable. Stay tuned as developments unfold in this evolving landscape.