BRICS nations discuss linking payment systems and CBDCs: RBI chief
Members of the BRICS group of nations are discussing potential linkages between their respective fast payment systems and central bank digital currencies, Reserve Bank of India Governor Sanjay Malhotra said at an event on Tuesday.
The central bank will also continue its efforts to internationalise the rupee and promote the use of local currencies for cross-border payments and trade, Malhotra said.“Various options are on the table, but it is still at the discussion stage, including CBDCs (central bank digital currencies) and linkages of fast payment systems,” he added.
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