International Journal of Science and Environment
Vol. 5 No. 2 (2025): May 2025

Implications Of Brics Currency Formation On Indonesia's Economic Sovereignty

Budi Iskandar, Franciscus (Unknown)
Christupa, Giliman (Unknown)
Bustomi, Yazidil (Unknown)
Lathif, Nazaruddin (Unknown)
Ul Hosnah, Asmak (Unknown)
Siswajanthy, Farahdinny (Unknown)
Sjofjan, Lindriyani (Unknown)

Article Info

Publish Date
31 May 2025

Abstract

The establishment of a BRICS currency by the alliance of Brazil, Russia, India, China, and South Africa aims to reduce reliance on the US dollar in international trade. This new currency is expected to enhance economic stability for BRICS member countries and mitigate exchange rate fluctuation risks. For Indonesia, an open economy highly dependent on international trade, the presence of a BRICS currency could impact national economic sovereignty. This study aims to analyze the potential effects of the BRICS currency on Indonesia's economic sovereignty, particularly in maintaining national economic stability amid changing global financial architecture. This research utilizes a qualitative approach with a descriptive case study to explore the implications of the BRICS currency on Indonesia's economic policy.  

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Journal Info
International Journal of Science and Environment
Website

Abbrev

IJSE

Publisher

CV. Inara

Subject

Agriculture, Biological Sciences & Forestry Biochemistry, Genetics & Molecular Biology Chemical Engineering, Chemistry & Bioengineering Chemistry Mathematics Physics

Description

International Journal of Science and Environment (IJSE) is to provide a research medium and an important reference for the advancement and dissemination of research results that support high-level research in the fields of Science and Environment . Original theoretical work and application-based ...