Overview

Click to expand overview
Iran's proposal to link the payment systems of BRICS member countries would entail common settlements through ATM withdrawals using the member countries' bank Iran is calling for a unified BRICS currency system that promotes launching a singular currency to derail the US dollar. The country is supporting the de-dollarization Iran is now actively urging BRICS, the ten-nation bloc, to ditch the US dollar. The nation has called for a unified currency system and a joint currency narrative to end the Financial systems should be tweaked Baqeri also called for reforming financial systems based on Bretton Woods, citing the United States' use of the dollar as a The new member of BRICS, Iran is urging the alliance to create a new “joint currency” that can be used by member nations to settle cross-border transactions and put an

Iran Calls for Unified BRICS Currency to End US Dollar Dominance

Iran is aggressively pushing for a unified BRICS currency system, aiming to diminish the US dollar\'s global influence. As a new member of BRICS, Iran is actively urging the ten-nation bloc to ditch the US dollar in international trade and financial transactions. This initiative supports de-dollarization efforts and seeks to establish an alternative global financial order.

Iran\'s proposal includes launching a singular currency within the BRICS alliance to challenge the US dollar\'s hegemony. The country is also promoting a "joint currency" narrative, advocating for its use in settling cross-border transactions among member nations. Iran\'s proposal to link the payment systems of BRICS member countries would entail common settlements through ATM withdrawals using the member countries\' banks.

Baqeri, representing Iran, also called for reforming financial systems based on Bretton Woods, criticizing the United States\' use of the dollar as a geopolitical tool. Iran believes that financial systems should be tweaked to create a more equitable and stable global financial landscape. The ultimate goal is to end the US dollar\'s dominance and foster a more balanced international economic system through a unified BRICS currency.

Top Sources

Related Articles