BRICS

India’s central bank has proposed linking BRICS digital currencies to simplify cross-border trade and tourism payments and reduce reliance on the U.S. dollar, according to two sources. The move aims to streamline settlements among member countries amid growing geopolitical tensions.

Iran says it has asked India and other BRICS members to use digital assets to settle trade, seeking a workaround to US and UN sanctions. Officials and business leaders frame the approach as a pragmatic response to restricted access to global payment rails.