BRICS summit in Rio: Bloc may push trade in local currencies, countries differ on common currency; India says discussions still at 'early stage'
Ahead of the BRICS summit in Rio de Janeiro, member nations are set to intensify trade settlements in their own currencies, although a unified BRICS currency isn't imminent. Diplomats emphasized that BRICS aims for mutual respect and non-interference, not as an anti-West coalition. Discussions on a common currency are preliminary, with focus on national currency trade.
Ahead of the BRICS summit in Rio de Janeiro, member nations are set to intensify trade settlements in their own currencies, although a unified BRICS currency isn't imminent. Diplomats emphasized that BRICS aims for mutual respect and non-interference, not as an anti-West coalition. Discussions on a common currency are preliminary, with focus on national currency trade.
