The Reserve Bank of India has urged its government to include the BRICS CBDC interconnection plan on the agenda for the 2026 BRICS summit.

The Reserve Bank of India (RBI) is proposing a system to connect the central bank digital currencies (CBDCs) of the BRICS countries, aiming to facilitate cross-border trade and tourism among member states and gradually reduce reliance on the US dollar. Sources indicate that the RBI has urged the government to include the proposal to create a CBDC interconnection system on the agenda for the 2026 BRICS summit, scheduled to be hosted by India later this year. This would be the first formal attempt by the BRICS countries to establish such a CBDC link.