India proposed to connect BRICS countries' CBDC to facilitate trade
India proposed to connect the BRICS countries' CBDC to facilitate trade, aiming to reduce costs and expedite settlements. According to NS3, although the dominance of the dollar in transactions may weaken, it will still maintain its status as a major reserve currency and safe-haven asset. Due to trust and liquidity issues with BRICS currencies, the influence of the dollar in global finance remains strong, even though cross-border payments may change.