Iran's Pezeshkian calls for greater shift toward local currencies in BRICS trade
India, Sept. 11 -- 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...
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