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RBI proposes linking BRICS’ digital currencies
Hindustan Times Gurugram
|January 20, 2026
The Reserve Bank of India (RBI) has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on the US dollar as geopolitical tensions rise.
The central bank has recommended to the government that a proposal connecting the central bank digital currencies (CBDCs) be included on the agenda for the 2026 BRICS summit, the sources said. They requested anonymity because they were not authorised to speak publicly.
India will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencies of BRICS members would be put forward for the first time.
This story is from the January 20, 2026 edition of Hindustan Times Gurugram.
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