Iran's Araghchi Says BRICS Members Support Wider Use of National Currencies in Trade
Foreign Minister Abbas Araghchi said all BRICS member states agree on strengthening national currencies and expanding trade conducted in their own currencies, according to IRNA.
Iranian Foreign Minister Abbas Araghchi said that BRICS member states have expressed support for strengthening the use of national currencies in trade among themselves, the state-run news agency IRNA reported.
According to IRNA, Araghchi highlighted the growing importance of the BRICS grouping, stating that all member countries agree on the need to reduce reliance on other currencies by expanding trade conducted in their own national currencies.
The report did not specify the exact venue, date, or context in which Araghchi made the remarks, nor did it provide additional details on specific measures or timelines discussed by BRICS members regarding currency use.
BRICS, which includes Brazil, Russia, India, China and South Africa among its founding members, has in recent years expanded its membership and has periodically discussed reducing dependence on the US dollar in trade between member states, though the source did not elaborate on any new proposals or agreements reached on this matter.
IRNA did not report any additional comments from other BRICS officials confirming Araghchi's characterization of member states' positions.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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