India to pitch central bank digital currencies to BRICS partners at meet
4 Articles
4 Articles
The Economic Times
Times of IndiaIndia to pitch central bank digital currencies to BRICS partners at meet
The global grouping celebrates 20 years at the New Delhi summit on September 12-13. A high-level meeting would be held next week to thrash out mechanisms for use of digital currencies, and explore ways to increase intra-BRICS trade using national currencies, said the people mentioned above.
India to propose linking digital currencies in BRICS; cross-border payments can be easier
India is expected to propose at the BRICS summit a central bank digital currency (CBDC) and the promotion of cross-border digital payments among member countries, with the aim of facilitating payments, reducing transaction costs, and increasing trade in local currencies.
India is expected to propose promoting CBDCs and cross-border digital payments among member countries at the BRICS summit, with an emphasis on reducing transaction costs and facilitating trade.
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