The Economic Times

BRICS can boost local-currency trade with deeper financial markets, stronger banking links: Experts

BRICS nations can boost trade and investment by deepening financial markets. Experts suggest using local currencies more often for transactions. Linking payment platforms and exploring CBDCs will speed up cross-border payments. Reducing non-tariff barriers will also enhance intra-BRICS trade significantly. Greater trust and business partnerships are key for future economic cooperation.