The latter is constrained by the insufficient development of the appropriate financial infrastructure that impedes trading partners to make transactions in BRICS national currencies efficiently.
- What are the main opportunities for BRICS countries to extend the role of national currencies in international trade?
- What are the main risks for national financial sectors in BRICS countries while increasing the volume of settlements in national currencies?
- What are the main challenges in pursuit of widening the use of BRICS national currencies in international settlements?
- What are the main challenges in developing the effective and feasible payment infrastructure for BRICS?