Several reports suggest that BRICS nations are considering launching a new currency banknote, which could challenge the US dollar's dominance. According to EurAsia Daily, at the Kazan summit, Russian President Vladimir Putin was presented with a symbolic 'BRICS bill.' However, Elvira Nabiullina, head of Russia's Central Bank, was reportedly not in favor of the idea.

The report also mentions that Putin shared the banknote with other ministers after receiving it. Photos of him revealing the currency were shared by Global Eye News on X, formerly Twitter.

Several social media users posted images of Putin with the banknote, with one person tweeting, "The unveiling of the BRICS currency marks a significant step toward a multipolar financial system, aiming to reduce the dollar's dominance and increase economic sovereignty for member countries."

According to Russian state-owned news agency Sputnik, the banknote "symbolizes the collective efforts within the BRICS framework" and features the flags of the founding nations—Russia, China, India, Brazil, and South Africa—on the front. Sputnik also tweeted that a discussion on the creation of a unified BRICS currency took place behind closed doors at the summit.