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Sunday, September 13, 2026 1:48 AM ET

Times of India - Business

Brics nations to have a common currency? Here's what MEA said - Brics nations are discussing local currency trade settlements to reduce transaction costs. There is currently no proposal for a common Brics currency among member states. This initiative aims to complement existing global payment systems and improve trade efficiency. Leaders also addressed trade barriers and the need for a strong WTO. Discussions followed eight months of work under India's Brics chairship.

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