In this week’s round-up:
- India to host BRICS Environment Ministers’ Meeting in Delhi on August 18: What to expect?
- Putin-backed BRICS grain exchange poised to transform global agricultural trade
- BRICS weighs linking instant payments, digital currencies across member states
- Iran proposes dedicated financial corridor for BRICS countries
BRICS weighs linking instant payments, digital currencies across member states
The BRICS countries are in discussions about integrating their national instant payment systems and central bank digital currencies as a way to reduce the cost and improve the efficiency of cross-border transactions among the group’s member nations.
Iran proposes dedicated financial corridor for BRICS countries
Iran has proposed establishing an independent BRICS financial corridor and integrating the national payment systems of the member countries. The initiative was put forward by the Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati.
India to host BRICS Environment Ministers’ Meeting in Delhi on August 18: What to expect?
The BRICS Senior Officers’ Meeting of the Environment Working Group and the Contact Group on Climate Change and Sustainable Development will be held on August 17.
Putin-backed BRICS grain exchange poised to transform global agricultural trade
Backed by Russian President Vladimir Putin, the proposed BRICS Grain Exchange is envisioned as a unified digital trading platform that would allow agricultural producers and buyers to trade directly, reducing dependence on intermediaries and potentially lowering costs across the supply chain.
Development of 5G networks and telecommunications cooperation in BRICS countries
Why are fifth-generation networks in the BRICS+ countries increasingly becoming an element of industrial infrastructure rather than merely a telecommunications technology?
