RBI proposes linking BRICS' digital currencies, says report - here’s why it would be an important move

The Reserve Bank of India is proposing to link BRICS nations' digital currencies for cross-border trade and tourism payments, aiming to reduce US dollar reliance. This initiative, building on a previous summit declaration, seeks greater payment system interoperability among member countries. Discussions will address technology, governance, and trade imbalance settlement.

RBI proposes linking BRICS' digital currencies, says report - here’s why it would be an important move
The Reserve Bank of India is proposing to link BRICS nations' digital currencies for cross-border trade and tourism payments, aiming to reduce US dollar reliance. This initiative, building on a previous summit declaration, seeks greater payment system interoperability among member countries. Discussions will address technology, governance, and trade imbalance settlement.