India's central bank proposes a plan to create digital-currency link among BRICS nations

India's central bank has put forth an ambitious proposal aimed at establishing a comprehensive digital-currency link among the BRICS nations, which include Brazil, Russia, India, China, and South Africa. This initiative seeks to enhance financial cooperation and facilitate smoother transactions between these emerging economies by leveraging the benefits of digital currencies. The plan reflects a growing recognition of the role that innovative financial technologies can play in fostering economic integration and improving trade relations among member countries. By creating a digital currency framework, India's central bank hopes to pave the way for more efficient cross-border payments, reduce reliance on traditional banking systems, and ultimately strengthen the economic ties within the BRICS community. source: https://www.coindesk.com/markets/2026/01/19/india-s-central-bank-proposes-a-plan-to-create-digital-currency-link-among-brics-nations