News Explorer — BRICS Countries Consider Linking CBDCs to Trade Independently From the US Financial System

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Feb 12, 5:48 pm

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BRICS Countries Consider Linking CBDCs to Trade Independently From the US Financial System

BRICS members may discuss connecting digital currencies this year to trade outside the US-dominated financial system. Russian central bank plans to introduce digital ruble for international trade with BRICS partners by September 1. Indian central bank suggests linking BRICS CBDCs for cross-border trade and tourism payments.

BRICS members may discuss connecting digital currencies this year to trade outside the US-dominated financial system. Russian central bank plans to introduce digital ruble for international trade with BRICS partners by September 1. Indian central bank suggests linking BRICS CBDCs for cross-border trade and tourism payments.

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