{
  "id": 6717278,
  "title": "India to push BRICS digital currency link",
  "url": "https://urgent.news/2026/09/11/india-to-push-brics-digital-currency-link",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T05:55:17.000Z",
  "source": {
    "name": "The Jakarta Post",
    "slug": "the-jakarta-post",
    "url": "https://www.thejakartapost.com/business/2026/09/11/india-to-push-brics-digital-currency-link-.html"
  },
  "original_language": "en",
  "account": "India, the current chair of BRICS, aims to link its country's official digital currencies (CBDCs) with those of the other BRICS nations at an upcoming summit in New Delhi on September 12-13. This proposal, reported by Reuters in January, hopes to facilitate cross-border trade. The BRICS group consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. The RBI suggested linking digital currencies to streamline cross-border transactions, but the plan faces challenges due to the limited global adoption of digital currencies and political complexities. Previous attempts at creating shared payment mechanisms within BRICS have not been successful. Tensions among members, such as Iran and the UAE, could hinder progress. Also, India's reluctance to deepen financial ties with China due to national security concerns could further complicate matters. The proposal will be part of the leaders' meeting agenda, but the adoption of digital currencies globally is still not widespread enough. BRICS, formed in 2009, aimed to provide a platform for major emerging economies to gain more influence in institutions dominated by Western powers, though its expansion has become a constraint in recent times.",
  "summary": "India is chairing BRICS this year, with leaders of the bloc set to meet in New Delhi on September 12 to 13. The Reserve Bank of India (RBI) proposed linking the countries' official digital currencies to facilitate cross-border trade, Reuters reported in January.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Economy",
        "title": "BRICS Business Forum 2026: Piyush Goyal urges nations to open markets, cut trade barriers and link payment systems",
        "url": "https://urgent.news/2026/09/11/brics-business-forum-2026-piyush-goyal-urges-nations-to-open-markets",
        "published": "2026-09-11T05:00:50.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "BRICS Push Could Redraw India’s Trade Map, Experts See New Markets And Business Opportunities",
        "url": "https://urgent.news/2026/09/11/brics-push-could-redraw-indias-trade-map-experts-see-new-markets-and",
        "published": "2026-09-11T07:45:10.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "India calls for freer trade, easier movement of skilled workers within Brics",
        "url": "https://urgent.news/2026/09/11/india-calls-for-freer-trade-easier-movement-of-skilled-workers-within",
        "published": "2026-09-11T08:27:58.000Z"
      },
      {
        "outlet": "Reuters Business via SCMP",
        "title": "Xi in India, bank capital injections, EU-China trade",
        "url": "https://urgent.news/2026/09/11/xi-in-india-bank-capital-injections-eu-china-trade",
        "published": "2026-09-11T09:00:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}