BRICS can set brighter world via national currencies and new banking platforms – Pezeshkian

BAKU, Azerbaijan, October 24. BRICS member
countries or countries affiliated with the group can establish a
better world for all by using national currencies and new banking
platforms in trade cycles, Iranian President Masoud Pezeshkian said
at the first plenary session held in the BRICS+ format in Kazan on
October 24, Trend
reports.

He asserts that cryptocurrencies, the New Development Bank
(NDB), the Contingent Reserve Arrangement, and others ought to be
included in this list.

Pezeshkian asserted that BRICS and BRICS+ ought to establish and
execute a transparent and equitable process grounded in trade
regulations, with particular emphasis on emerging southern
nations.

BRICS, an intergovernmental organization, was established in
2006. Russia commenced its chairmanship of BRICS on January 1,
2024. Presently, the organization’s members include Russia, Brazil,
India, China, South Africa, Egypt, Ethiopia, Iran, the UAE, and
Saudi Arabia.