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Amid escalating tariff threats, economic sanctions, disorderly payment settlements, currency and liquidity stress, and compliance-driven de-risking in an intensifying geopolitical churn, the RBI’s call for CBDC-enabled payment settlements among BRICS countries, under India’s BRICS chairmanship, is both timely and necessary. India’s pursuit of alternative payment arrangements is driven by pragmatic needs of resilience, cost efficiency, [...]The post BRICS Payment Settlement: The Quest and Implications appeared first on Modern Diplomacy.