Economy

No More Dollar? Why India Plans To Link BRICS Digital Currencies for Cross-Border Trade

January 19, 2026

India's central bank has proposed the integration of BRICS nations' digital currencies to enhance cross-border trade and reduce reliance on the US dollar amidst geopolitical tensions. The Reserve Bank of India aims to present this initiative at the upcoming 2026 BRICS summit, marking a significant step towards formal collaboration on central bank digital currencies among the member countries.

No More Dollar? Why India Plans To Link BRICS Digital Currencies for Cross-Border Trade

Credit: Timesnownews

Key Highlights

India's central bank is advocating for a linkage of BRICS digital currencies.
The proposal aims to simplify cross-border trade and tourism payments.
It could reduce reliance on the US dollar amid rising geopolitical tensions.
The proposal will be discussed at the 2026 BRICS summit hosted by India.
BRICS comprises Brazil, Russia, India, China, and South Africa.

Sources

No More Dollar? Why India Plans To Link BRICS Digital Currencies for Cross-Border Trade

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

No More Dollar? Why India Plans To Link BRICS Digital Currencies for Cross-Border Trade

Key Highlights

Sources

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