The leaders of China, Russia, and Brazil have had high-level phone conversations to discuss their collaborative work within the BRICS bloc, which comprises Brazil, Russia, India, China, and South Africa. The discussions anticipate the forthcoming leaders’ summit, with significant discourse centering on the possibility of a common BRICS currency. President Lula, an advocate for a transition away from the U.S. dollar to national currencies and a prospective shared BRICS currency, spoke with President Putin and President Xi. These engagements underline the potential of the BRICS economic bloc to shape the global economic landscape and the growing influence of the participating nations. The group’s push for ‘de-dollarization’, a shift away from the U.S. dollar as a global reserve currency, is a matter that is expected to be deliberated upon at the leaders’ summit in August.