Goyal urges BRICS to trade in local currencies at Business Forum

Union 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 in local currencies. He said such cooperation would create jobs, wealth and prosperity for a grouping that represents about half of the world's population and 40% of global GDP.

Nabka Insight

BRICS payment integration and local-currency trade are core to de-dollarisation debates.

Key facts

Piyush Goyal spoke at the inaugural BRICS Business Forum 2026.
He called for linking payment systems and trading in local currencies.
BRICS represents about half the world's population and 40% of global GDP.

Relevant forBanking · SSC · State PSC · UPSC

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