New Delhi: There is no proposal for a BRICS currency “as of now”, while discussions on facilitating trade in local currencies have been underway for some time, the Ministry of External Affairs (MEA) said on Saturday.
Addressing a press briefing, MEA Secretary (Economic Relations) Sudhakar Dalela said, “There is no proposal in the BRICS for a BRICS currency as of now.”
“Discussions on trade in local currencies have been underway for some time,” he said.
Dalela said local currency settlement was a practical mechanism to reduce…
