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Indonesia Сalls for Stronger BRICS Payments in National Currencies

© Sputnik / Kristina Solovyova / Go to the mediabank2026 BRICS summit in New Delhi, India. File photo
2026 BRICS summit in New Delhi, India. File photo - Sputnik International, 1920, 12.09.2026
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BRICS countries should develop cross-border payments to shield their economies from geopolitical risks, while taking into account each country’s level of development and national priorities, Bank of Indonesia Governor Destry Damayanti stressed on the sidelines of a BRICS summit in New Delhi on Saturday.
She noted that Indonesia sees a strategic opportunity for BRICS to turn various challenges into collective resilience by strengthening practical cooperation, including settlements in national currencies.

Earlier, Damayanti sat down with Reserve Bank of India Governor Sanjay Malhotra to discuss expanding a mechanism for settlements in national currencies, establishing a bilateral currency swap arrangement, and connecting cross-border QR-code payment systems.

Malhotra said that these will help turn BRICS agreements into practical financial and economic cooperation.
A member of the Central Reserve Police Force (CRPF) stands in front of a hoarding displayed near Bharat Mandapam, the venue of the upcoming BRICS Summit in New Delhi, India - Sputnik International, 1920, 11.09.2026
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