Category: India BRICS currency

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BRICS Not Focusing on Creating Common Currency, Indian Official Says

August 22, 2023

A top Indian official has downplayed the creation of a shared BRICS currency. Emphasizing that “common currency discussions have several prerequisites before you can even talk about a common currency framework,” the official stressed that the BRICS nations have focused on boosting settlements in national currencies. Indian Foreign Secretary on BRICS Currency India’s Foreign Secretary…
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India’s External Affairs Minister Shuns BRICS Currency Talks, Prioritizes Rupee’s Strength Instead

July 11, 2023

Members of the BRICS alliance are meeting at a summit in Johannesburg, South Africa, in August, focusing attention on the potential for the BRICS bloc to create a gold-backed reserve currency. However, Subrahmanyam Jaishankar, India’s external affairs minister, said India isn’t interested in issuing a common BRICS currency. Instead, he said India is more concerned…
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