🤝 BRICS nations planning big financial upgrade 🌐
Members of the BRICS group, including India, China, Russia, South Africa, and Brazil, are discussing linking their fast payment systems and Central Bank Digital Currencies (CBDCs). These talks are part of preparations for the 2026 BRICS summit, which India will host. The group aims to create a more integrated financial network to make cross-border payments efficient and affordable. Furthermore, the RBI Governor highlighted efforts to internationalize the Indian rupee through local currency use. Central banks are also addressing AI's role, viewing it as a capability to boost finance securely.