Iran for expanding use of national currencies, diversification in trade
Iranian President Masoud Pezeshkian on Friday called for a stronger shift toward local currencies in BRICS trade, while pitching Iran's geography, energy resources and transport links as a strategic bridge for the bloc's economic connectivity.
Speaking at the BRICS Business Forum, Pezeshkian said BRICS must move beyond its economic potential and build a more integrated network of trade, investment and joint financing.
He argued that greater use of national currencies, backed by mechanisms to manage currency risks and reciprocal settlements, would make intra-BRICS trade less vulnerable to political shocks.
Pezeshkian also positioned Iran as a potential link in BRICS energy, food and transport supply chains, citing its geographical location and energy reserves.
He called for deeper integration of trade infrastructure, including digitalised customs procedures, reduced regulatory barriers and stronger cross-border markets.
The Iranian president urged the New Development Bank to become
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