In recent days, global economic news has been revived by Iran's proposal to expand the mechanisms for unifying national payment systems to the BRICS countries. The representative of the Iranian Foreign Ministry, Nasser Kanani, expressed the hope that the existing instruments for facilitating trade between Iran and Russia can be extended to all BRICS states.
The recently completed process of connecting the national payment systems of Russia and Iran through their Central Banks was the first step in this direction. Creating the necessary conditions for the transfer of trade payments into national currencies is an important step in strengthening economic relations between countries.
Iran is actively promoting the idea of extending this mechanism to the BRICS countries, including Brazil, Russia, India, China and South Africa. This proposal caused a positive reaction from the Russian side, which opens up new prospects for strengthening trade ties between states.
Consultations on this issue are ongoing, which indicates the serious interest of the BRICS countries in improving the mechanisms of payment systems and facilitating trade. This step could also help reduce dependence on traditional world currencies and strengthen financial sovereignty.
Thus, Iran’s initiative to unite the payment systems of the BRICS countries opens up new horizons for cooperation and development of economic relations between these countries. In the future, this could lead to a strengthening of the BRICS position on the world stage and the creation of a more sustainable and diverse financial system.
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