India Proposes Linking BRICS Digital Currencies
India plans to encourage interoperability among BRICS central-bank digital currencies to make cross-border payments faster and less expensive. The proposal would connect national digital-currency systems rather than create one shared BRICS currency, but technical, political and regulatory differences present considerable challenges.
Easier settlements could support tourism, remittances and trade while reducing dependence on expensive intermediary banking networks.
Leaders and central banks will consider whether technical trials or a common interoperability framework can proceed.
July 2025: Rio Declaration supports greater payment interoperability
2026: India develops digital-currency linkage proposal
September 10: Proposal reported
September 12–13: BRICS leaders consider cross-border payment cooperation
Technical negotiations may follow
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1. reuters.comView Original
