BRICS finance track discusses payment systems, not a common currency
BRICS finance track discusses payment systems, not a common currency
Why in News? BRICS's finance track discussed alternative payment mechanisms rather than a common currency, with the New Development Bank remaining central.
Prelims BRICS, New Development Bank, de-dollarisation, finance track
Mains Use as an example in GS-3 answers (GS Paper 3 - Indian Economy / International Financial Institutions).