Brics nations to have a common currency? Here’s what MEA said
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Brics nations are discussing local currency trade settlements to reduce transaction costs. There is currently no proposal for a common Brics currency among member states. This initiative aims to complement existing global payment systems and improve trade efficiency. Leaders also...
Brics nations are discussing local currency trade settlements to reduce transaction costs. There is currently no proposal for a common Brics currency among member states. This initiative aims to complement existing global payment systems and improve trade efficiency. Leaders also addressed trade barriers and the need for a strong WTO. Discussions followed eight months of work under India's Brics chairship.
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https://timesofindia.indiatimes.com/business/india-business/india-rules-out-brics-currency-proposal-backs-local-currency-trade-settlements/articleshow/134138086.cms
