José Cruz/Agência Brasil · CC BY 3.0 brGoyal: BRICS should link payments, use local currencies
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 more in local currencies. He said deeper BRICS cooperation could generate jobs, wealth and prosperity for a bloc that represents about half the world's population and 40% of global GDP.
Nabka Insight
BRICS local-currency trade and payment integration is a live economy/IR topic for prelims and interviews.
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- Piyush Goyal is the Union Commerce Minister; he spoke at the inaugural session of the BRICS Business Forum 2026.
- He called for linking BRICS payment systems and greater trade in local currencies.
- Per Goyal, BRICS represents about half the global population and 40% of global GDP.
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