{
  "id": 6946473,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T15:38:44.000Z",
  "source": {
    "name": "Hindustan Times",
    "slug": "hindustan-times",
    "url": "https://www.hindustantimes.com/india-news/brics-common-currency-euro-like-india-mea-says-no-such-proposal-as-of-now-local-payments-in-focus-trade-101789221687761.html"
  },
  "original_language": "en",
  "account": "The Ministry of External Affairs (MEA) has clarified that there is currently no proposal for a common BRICS currency. A spokesperson for the MEA, Sudhakar Dalela, stated that the bloc's focus remains on settling bilateral trade in local currencies to reduce transaction costs. This comes after India urged BRICS nations to link their payment systems to enable trade in local currencies. The joint declaration adopted by BRICS member states unanimously acknowledged the efforts to study cross-border interoperability of payment channels and promote trade settlements in local currencies. The bloc encouraged the BRICS Payment Task Force (BPTF) to continue discussions on practical solutions for cross-border payments among BRICS countries.",
  "summary": "The MEA said the focus was on settling bilateral trade in local currencies, a day after India urged BRICS nations to link their payment systems.",
  "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": "Times of India",
        "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",
        "published": "2026-09-12T14:56:03.000Z"
      }
    ]
  },
  "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."
}