The Reserve Bank of India (RBI) is pushing forward a plan to connect the central bank digital currencies (CBDCs) of BRICS countries, aiming to simplify cross-border trade and tourism while reducing the dominance of the US dollar. The RBI has reportedly urged the inclusion of a proposal to establish a CBDC interconnection system on the agenda of the BRICS summit hosted by India in 2026. This would be the first formal attempt by BRICS members, including Brazil, Russia, India, South Africa, and newer members such as the UAE, Iran, and Indonesia, to establish a CBDC link. (Coindesk)