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BRICS has no current proposal for a common currency, while members continue discussions on local-currency trade settlements to reduce transaction costs and strengthen global trade.
Secretary (Economic Relations), Ministry of External Affairs, and India's BRICS Sherpa Sudhakar Dalela addresses a media briefing during the 18th BRICS Summit in New Delhi on Saturday, September 12, 2026.
Credit: Photo: IANS/Deepak Kumar
