Experts Call for Deeper BRICS Banking Links to Boost Local Currency Trade
Experts said BRICS countries can strengthen trade in local currencies and facilitate cross-border investments by deepening financial markets, strengthening banking linkages and establishing robust risk-management mechanisms.
The comments came as the bloc, originally comprising Brazil, Russia, India, China and South Africa, has expanded. Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia joined in 2024, with Indonesia joining in 2025.
Source: Outlook Business · Outlook Business
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