BRICS and central bank representatives are discussing dedicated financial corridors and testing instant payment platforms using CBDCs.
7 reports, 3 independent
Updated Sep 14
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- 7
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- 2
- Repetition
- 86%
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What happened
BRICS and central bank representatives are discussing dedicated financial corridors and testing instant payment platforms using CBDCs.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- It was explicitly stated that Central Bank Digital Currencies (CBDCs) are capable of enabling programmable money.Sub-event
BRICS explores CBDCs and instant payment viability for cross-border settlement.1 source
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The entities involved
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
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central bank
public institution that manages a state's currency, money supply, and interest rates
Related events
- Central banks, including the RBI, are exploring the use of digital currency for trade settlement among BRICS members.
- BRICS is promoting local-currency settlement as a hedge and seeking urgent quota changes and a bigger voice within the global financial system.
- India links national fast-payment networks with sovereign capital for infrastructure projects.
- BRICS and Egypt proposed a digital bridge for payment networks to counter dollar shortages and sanctions.