The BRICS group has introduced a prototype of a new digital currency called 'Unit,' designed to facilitate trade among member nations. This digital currency is backed by a reserve basket comprising 40% physical gold and 60% BRICS currencies, equally weighted among the Brazilian real, Chinese yuan, Indian rupee, Russian ruble, and South African rand. The launch marks a significant step in BRICS' efforts to enhance economic cooperation and reduce reliance on traditional global currencies.