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Al Mayadeen is an independent Arab Media Network.

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Iran's plan to establish BRICS-wide currency could change global trade dynamics

F.M. Shakil   Source: Al Mayadeen English    2024-07-20 10:38    2 Shares
7 min read

The Iranian proposal promises numerous advantages by linking local currency systems, including mitigating dependence on global currencies, which are frequently susceptible to fluctuations and geopolitical influences.

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The strategic use of local currencies in cross-border transactions is a promising strategy for a more integrated and resilient financial system as the global economy continues to evolve. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)
The strategic use of local currencies in cross-border transactions is a promising strategy for a more integrated and resilient financial system as the global economy continues to evolve. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)
economyBRICSRussiaBRICS currencyIran
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