BRICS to push for intra-currency payments as ‘immunity’ against Western clout

Brics to push for intra-currency payments as ‘immunity’ against Western clout
Countries
India
Cooperation areas
Economic GrowthInstitutional Development

Source: South China Morning Post | Original Published At: 2026-04-30 00:00:23 UTC

Key Points

  • BRICS foreign ministers are scheduled to meet in New Delhi from May 14-15 ahead of the bloc's summit in September.
  • Payment connectivity and trade settlements are expected to be key issues on the agenda to enhance financial resilience.
  • Analysts describe the proposed decentralized payments system as a strategic tool for immunity against Western economic leverage.
  • The initiative aims to facilitate near real-time payments that remain unaffected by US dollar volatility.
  • India faces a complex diplomatic position balancing BRICS financial initiatives with ongoing interim trade deal negotiations with Washington.
Scroll to Top