BRICS summit 2026: India's approach to reducing dollar dependence
Edited By WION Video Desk
Published: Sep 10, 2026, 18:35 IST | Updated: Sep 10, 2026, 18:35 IST
At the 2026 BRICS Summit in New Delhi, India is pushing a pragmatic plan to reduce reliance on the US dollar through local-currency trade settlements and greater CBDC connectivity. Rather than pursuing a common BRICS currency, the focus is on building alternative payment mechanisms while strengthening financial cooperation among member nations.
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