{
  "id": 6942924,
  "title": "Brics nations to have a common currency? Here’s what MEA said",
  "url": "https://urgent.news/2026/09/12/brics-nations-to-have-a-common-currency-heres-what-mea-said",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T14:56:03.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/india-rules-out-brics-currency-proposal-backs-local-currency-trade-settlements/articleshow/134138086.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Brics nations are discussing local currency trade settlements to reduce transaction costs. There is currently no proposal for a common Brics currency among member states. This initiative aims to complement existing global payment systems and improve trade efficiency. Leaders also addressed trade barriers and the need for a strong WTO. Discussions followed eight months of work under India's Brics…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Antara News Indonesia",
        "title": "Bank Indonesia promotes local currency use among BRICS nations",
        "url": "https://urgent.news/2026/09/12/bank-indonesia-promotes-local-currency-use-among-brics-nations",
        "published": "2026-09-12T04:45:12.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "BRICS Keeps De-Dollarisation On A Cautious Track, Payments Take Priority Over Common Currency",
        "url": "https://urgent.news/2026/09/12/brics-keeps-de-dollarisation-on-a-cautious-track-payments-take",
        "published": "2026-09-12T06:45:15.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "BRICS treads carefully on de-dollarisation: Main focus on payments, not a common currency",
        "url": "https://urgent.news/2026/09/12/brics-treads-carefully-on-de-dollarisation-main-focus-on-payments-not",
        "published": "2026-09-12T06:55:56.000Z"
      },
      {
        "outlet": "Hindustan Times",
        "title": "No proposal for common BRICS currency ‘as of now’, says MEA",
        "url": "https://urgent.news/2026/09/12/no-proposal-for-common-brics-currency-as-of-now-says-mea",
        "published": "2026-09-12T15:38:44.000Z"
      }
    ]
  },
  "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."
}