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.
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.
