José Cruz/Agência Brasil · CC BY 3.0 brLink payment systems, trade in local currencies: Goyal at BRICS forum
Commerce Minister Piyush Goyal, speaking at the inaugural session of the BRICS Business Forum 2026, urged member nations to link their payment systems and trade more in local currencies. He said BRICS cooperation would create jobs, wealth and prosperity for a grouping that represents half of the world's population and about 40% of global GDP.
Nabka Insight
Local-currency trade and payment-system linkages within BRICS are recurring economy and IR themes.
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- Piyush Goyal spoke at the inaugural session of the BRICS Business Forum 2026.
- He called for linking BRICS payment systems and trading in local currencies.
- BRICS represents half the world's population and about 40% of global GDP.
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