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❗️India supports the BRICS payment system, says the director of the institute
😃Ash Narain Roy, director of the Institute of Social Sciences of India, discussed India's position on the independent BRICS payment system in an interview with the Russian edition of TASS last week. Roy's professional background includes extensive research and analysis of global economic and political issues, including the dynamics of emerging economies.
🎯The Director expressed support for the initiative, but stressed the need for thorough discussions with all stakeholders before making any decisions.
💯The proposed system will use the digital currencies of the central banks of the BRICS countries, linked to national currencies, and will require coordinated legislative efforts to implement in international transactions.