BRICS Leaders Call for Continued Work on Cross-Border Payment Mechanisms
According to a report by TASS, BRICS heads of state have called for continuing discussions on cross-border payment systems and the use of national currencies among member states.
The heads of state of the BRICS bloc have called for the continuation of discussions on mechanisms for cross-border payments and the use of national currencies in transactions among member countries, according to a report by Russian news agency TASS.
Per the TASS report, the leaders urged that work in this area build on efforts already underway within the group, without specifying a new timeline or additional details on the scope of the initiative.
BRICS, which includes Russia, Brazil, India, China and South Africa along with newer members admitted in recent years, has in past summits discussed reducing reliance on major international currencies for trade and financial settlements among its members.
TASS did not provide further specifics in the cited excerpt regarding the venue, date or additional context of the statement attributed to the bloc's leaders.
This report is based on limited available information from the source, and further details may emerge as the story develops.
Sources
- BRICS to continue work on mechanisms of cross-border payments, use of national currencies — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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