Indonesia central bank governor Destry Damayanti said on the 12th at the BRICS
summit in New Delhi that BRICS should develop cross‑border payment systems in
local currencies to shield their economies from geopolitical risk while taking
into account member countries’ development levels and national priorities. She
said Indonesia sees a strategic opportunity to turn shared challenges into
collective resilience through pragmatic cooperation, including local‑currency
settlement. In a meeting with Reserve Bank of India governor Sanjeev Malhotra
they discussed expanding local‑currency settlement mechanisms, establishing
bilateral currency swap arrangements and linking cross‑border QR‑code payments;
Malhotra said those steps would help convert BRICS agreements into practical
financial and economic cooperation.
