BRICS explores payment links and digital currencies
Reports have discussed that the BRICS group is currently considering linking the fast payment systems and digital currencies of central banks among its member countries, aiming to enhance the efficiency of international transactions and reduce costs. The Governor of the Reserve Bank of India, Shaktikanta Das, stated that India expects proposals regarding this linkage to be included in the agenda of the 2026 BRICS summit, as they continue efforts to internationalize the rupee and promote local currencies in cross-border trade. He also emphasized the importance of leveraging artificial intelligence technologies in the financial sector, stressing the need to establish governance policies to ensure safety and sustainability.
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