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BRICS commits to local currency trade and faster cross-border payments

By Markets Desk · 2026-09-11 · Updated 2026-09-11 11:02 UTC
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Illustration: Tradingbird

BRICS nations are advancing a concrete roadmap to reduce dollar reliance by implementing local currency trade and faster cross-border payment systems. Under India's 2026 Chairship, the group is focusing on financial interoperability and development finance to strengthen economic resilience amid global trade fragmentation.

  • New details from GN markets/fx (en-US) confirm that the BRICS finance track is actively exploring interoperability for cross-border payments and local currency settlements. This move is part of a broader strategy to boost financial resilience against geopolitical fragmentation and protectionism, with the agenda now formally structured under India's 2026 Chairship following recent ministerial meetings in Jaipur and Mumbai.

    Source: GN markets/fx (en-US)

  • BRICS nations are advancing a multi-year roadmap to streamline cross-border transactions and reduce reliance on the US dollar in trade settlements.

    Source: GN markets/fx (en-US)
Based on reporting by GN markets/fx (en-US) and GN markets/fx (en-US), compiled by the Tradingbird desk.

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