In a fresh initiative, Iran has urged the BRICS group of emerging economies to prioritize the creation of solid economic defense mechanisms. A senior Iranian official stressed that amid sanctions and global economic instability, coordinated efforts would enable BRICS members not only to withstand challenges but also to grow stronger collectively.
According to Iran’s statement, BRICS should develop alternative payment and trade systems to reduce reliance on dominant currencies. Strategic measures such as boosting intra-bloc investment and establishing joint reserve funds have also been emphasized as crucial steps.
Iran, which joined BRICS in 2023, views the bloc as a vital platform for advancing multilateral economic cooperation. The call comes as increasing numbers of nations express interest in joining this alliance.
Analysts note that Iran’s move reflects a broader trend among countries seeking to restructure the global financial order towards a multipolar system less dependent on Western economies.
