What Is BRICS Pay? How the Digital Payment System Could Change Global Trade
BRICS Pay links existing national payment systems to enable cross-border transactions in local currencies and reduce dependence on the US dollar and SWIFT.
trade facilitation
Xi Jinping in India for the BRICS Summit – Middle East, Trade Relations, and Energy in Focus
BRICS leaders are gathering in New Delhi for a summit shaped by geopolitical and economic challenges, with the Middle East, trade, and energy expected to dominate discussions.
BRICS Payment System: BRICS Cautious in Trying to Distance Itself from the Dollar, Focusing on Payment Systems Rather Than a Common Currency
A joint statement by BRICS finance ministers and central bank governors made no mention of a common currency or a formal move to remove the US dollar, while emphasizing local-currency trade, investment, and improved cross-border payment systems.
“BRICS summit should focus on peace”, says Russian blogger Anastasia Golyakova as international journalists cover summit
International journalists covering the 18th BRICS Summit in New Delhi welcomed discussions on economic cooperation, local-currency trade and digital payment systems, while a Russian blogger called for greater focus on peace.
Chinese delegation led by Xi Jinping arrives at BRICS summit in India
Chinese President Xi Jinping arrived in India for the 18th BRICS leaders’ summit, with discussions expected to cover the development of the mechanism, practical cooperation, global governance, and settlement in national currencies.
Indonesia Calls for Stronger BRICS Payments in National Currencies
Bank Indonesia Governor Destry Damayanti said BRICS countries should develop cross-border payments in national currencies to shield their economies from geopolitical risks.
BRICS Member States Look to Technology to Strengthen Trade Ties
The BRICS business forum opened in New Delhi ahead of India’s annual summit, with digital technology and resilient trade networks emerging as key priorities for member states.
BRICS’ Oil Power Is Rising, But Can The Bloc Find Common Ground On Energy?
BRICS leaders meeting in New Delhi are expected to discuss energy security, the West Asia conflict and trade, even as member interests diverge across oil producers and consumers.
Will the BRICS summit chart the next path for India-China relations?
The article examines whether the BRICS summit and President Xi Jinping’s visit to India could help improve India-China relations after border tensions and amid global economic and geopolitical pressures.