India Proposes Linking BRICS Digital Currencies for Trade and Tourism Payments

Source: Известия | Original Published At: 2026-01-19 13:47:59 UTC

Key Points

• India's Reserve Bank proposes linking BRICS digital currencies to simplify trade and tourism payments.
• The initiative would be presented at India's BRICS summit later in 2026, potentially marking the first coordinated digital currency proposal among BRICS members.
• The plan could face opposition from the US, which has warned against attempts to bypass the US dollar.
• Russian President Putin previously emphasized gradual expansion of national currency usage within BRICS, without pursuing a unified currency.