India, China, South Africa, other BRICS nations to explore digital currency link to crush dollar
According to two sources familiar with the discussions, the Reserve Bank of India (RBI) has recommended that the proposal be placed on the agenda of the 2026 BRICS summit, which India is set to host later this year.
If accepted, it would mark the first time the bloc formally considers connecting central bank digital currencies (CBDCs) across member states.
The BRICS grouping, originally comprising Brazil, Russia, India, China, and South Africa, has expanded in recent years to include countries such as the United Arab Emirates, Iran, and Indonesia.
