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BRICS summit in Rio: Bloc may push trade in local currencies (Times of India)

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Ahead of the July 6–7 BRICS summit in Rio de Janeiro, senior diplomats from leading member nations said the grouping is likely to intensify efforts toward settling trade in national currencies, even as they ruled out any imminent move toward a unified BRICS currency.At a conference co-hosted by the Embassy of Brazil and Centre for Global India Insights (CGII) on Friday, Russian Ambassador Denis Alipov described BRICS as “a serious platform for discussing joint solutions to big challenges,” while reaffirming Moscow’s support for trade in local currencies.

https://timesofindia.indiatimes.com/business/international-business/brics-summit-in-rio-bloc-may-push-trade-in-local-currencies-countries-differ-on-common-currency-india-says-discussions-still-at-early-stage/articleshow/121994756.cms

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Centre for Global India Insights (CGII) is India’s leading foreign policy think tank that focuses on international relations, geopolitics and public policy. In a world fraught with risks , CGII provides in-depth perspectives and decodes larger global trends through independent research and first-hand sources. CGII generates insights into complex global issues and provide actionable policy analysis, research and commentaries to both local and global audiences about India’s multifarious connections with different regions and geographies. Led and driven by a team of distinguished professionals and experts, CGII’s research work is disseminated and amplified through its media and publishing platforms, including India Writes Network and India and the World journal. For more: https://cgiiglobal.org/who-we-are/

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