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India2026.09.10TokenPost

India Pushes CBDCs for Bilateral BRICS Payments, but Consensus on a Unified Network Remains Limited

Prime Minister Narendra Modi reportedly favors using CBDCs for trade settlements between BRICS member states.
India intends to advance the proposal during its BRICS chairmanship this year.
Consensus on a unified BRICS payment and settlement network is unlikely at the September 12-13 summit in New Delhi.

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