Reserve Bank Recommends Integrating BRICS Countries’ Digital Currencies (CBDC)

Source: Dinakaran | Original Published At: 2026-01-20 07:56:15 UTC

Key Points

• Reserve Bank of India recommends integrating BRICS countries' Central Bank Digital Currencies (CBDC) to reduce reliance on the US dollar.
• Proposal aims to make CBDC integration a priority agenda item at the upcoming BRICS summit in Delhi.
• India's 'e-Rupee' CBDC has already been adopted by 7 million users since its 2022 launch.
• BRICS members including China (digital yuan), Brazil, Russia, and South Africa are conducting CBDC pilot programs.
• Integration could strengthen BRICS' position as an alternative to Western-dominated financial systems.