Central bank digital currencies in the international settlement system

The article is devoted to the study of the possibility of usage Central Bank Digital Currencies (CBDC) in the system of international settlements during the increasing of geopolitical pressure and transformation of international financial relations. Based on the conducted research, the author has revealed that CBDC is an important innovative tool for the implementation of domestic and international payment transactions. A key place in the article is given to the analysis of the potential opportunity of usage the Central Bank for settlements between the BRICS member countries on the basis of the payment infrastructure for interaction. The author paid special attention to the international practice of developing and implementing the project to create a single platform for settlements and payments with the participation of China, Hong Kong, the United Arab Emirates and Thailand. The mBridge project has proven its viability in the implementation of cross-border settlements and foreign exchange operations. It is concluded that the main efforts of the authorities of the BRICS member should be aimed at the developing and implementing the project to build a unified settlement and payment infrastructure for the use of national digital currencies in order to strengthen economic ties and create an alternative financial system. A single platform for conducting international transactions within the framework of BRICS can lay the foundations for the transformation of the existing global financial order.