Iran will work to de-dollarize commercial, economic and financial transactions within the framework of BRICS. He stated this in an interview RIA NewsRIA Novosti Iranian Deputy Foreign Minister Ali Bagheri Kyani.
According to him, this is one of the most important tasks of Tehran, which has just joined the league of developing countries.
“Activities in this work direction of BRICS activities have already started, we hope to strengthen and scale up these activities to achieve this mission as soon as possible,” Kyani said. said.
Starting January 1, 2024, the UAE, Iran, Saudi Arabia, Ethiopia and Egypt will join the BRICS. The states of the union have been working for several years to reduce the share of the dollar in trade and to switch to national currencies and the euro.
According to experts, abandoning the dollar will allow developing countries to reduce their dependence on the policies of the US Federal Reserve and strengthen their financial systems. In addition, the transition of BRICS trade to other currencies will weaken the dollar’s position as the world reserve currency.
Pakistan at the end of November sent Application to join BRICS in 2024.
Previously in Russia appreciated Argentina’s refusal to join BRICS.