RBI Proposes Linking Digital Currencies Of BRICS Members
Countries
Cooperation areas
Source: Republic World | Original Published At: 2026-01-19 11:43:23 UTC
Key Points
- RBI proposed linking BRICS central bank digital currencies (CBDCs) to reduce reliance on the US dollar
- Proposal targets enhancing cross-border transaction efficiency through CBDC interoperability
- India will host BRICS 2026 summit where this initiative may be discussed
- All BRICS members have active CBDC pilot projects despite no full launches yet
- US has expressed concerns about potential 'anti-American' economic alignment through BRICS CBDC cooperation