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.