India says no BRICS shared currency plan in New Delhi
India
India says there's no plan right now for a shared BRICS currency.
At the 18th BRICS Summit in New Delhi, Sudhakar Dalela, Secretary (Economic Relations), explained that the group is focusing on using its own national currencies more in trade to make transactions easier and cheaper.
Sudhakar Dalela backs local currency trade
Dalela made it clear: boosting trade with local currencies is what's practical at the moment.
The summit's New Delhi Declaration backed this idea, aiming for smoother cross-border payments and less reliance on foreign money between BRICS countries.