Name: Why are local currencies in the BRICS spotlight?
Uploaded: 2026-09-11T21:24:00+08:00
Duration: 1 min 29 s
Description: In an IGR x CGTN x RT joint broadcast, CGTN's Xu Qinduo, IGR Media's Palki Sharma and RT India's Runjhun Sharma unpack the real motive behind local currency settlements. Xu explains why BRICS is pushing local currencies – not to replace the dollar but

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In an IGR x CGTN x RT joint broadcast, CGTN's Xu Qinduo, IGR Media's Palki Sharma and RT India's Runjhun Sharma unpack the real motive behind local currency settlements. Xu explains why BRICS is pushing local currencies – not to replace the dollar but to protect itself: "They are not trying to hurt anyone. They are simply working to protect their own interests." Palki Sharma adds: "The real win would be making cross-border payments easier and increasing financial connectivity."

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