India urges BRICS to link digital currencies
During its summit in New Delhi, the BRICS group aims to connect the digital currencies of its member central banks to facilitate payments, cross-border trade, and reduce reliance on the dollar. The initiative includes developing more efficient and seamless payment systems, although limited global adoption of digital currencies and technical and political obstacles may hinder its implementation. Additionally, BRICS countries are exploring the expansion of linking their local payment systems using their own currencies, with the goal of lowering costs and enhancing the efficiency of international transactions.
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