09:20 - 13.08.2026

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August 13, Fineko/abc.az. BRICS member states are discussing the integration of their national fast payment systems and central bank digital currencies (CBDCs).

According to Reserve Bank of India (RBI) Governor Sanjay Malhotra, such linkage could make cross-border remittances and trade transactions faster and more cost-effective.

Key Takeaways:

• Model Under Discussion: The specific framework has not yet been finalized, with member countries continuing to align potential mechanisms.

• Rupee Internationalization: India is simultaneously seeking to expand the overseas use of the Indian rupee and scale up local currency settlements in international trade.