Policy & Ethicscbdccross border paymentsinteroperability
India Proposes Linking BRICS Central Bank Digital Currencies
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Relevance Score
India's central bank has proposed linking BRICS countries' central bank digital currencies, Reuters reported Jan. 19, recommending the government place the plan on this year's BRICS summit agenda. The move aims to ease cross-border trade and tourism payments and reduce reliance on the U.S. dollar, while raising interoperability, governance and trade imbalance issues requiring consensus.
