Archive · 11 Sep 2026
Why Iran Wants BRICS To Move Away From Dollar
Iran is asking BRICS countries to use the US dollar less.
Iranian President Masoud Pezeshkian made this appeal while attending the BRICS Summit in New Delhi.
He suggested that the group work toward a common currency.
A common currency would be shared by participating countries for some kinds of trade.
Iran says this could help BRICS members cooperate more closely.
The proposal is part of a broader effort called de-dollarization.
De-dollarization means reducing reliance on the US dollar.
The article does not explain the specific effect this would have on oil prices or oil trading.
Iranian President Masoud Pezeshkian arrived in New Delhi for the BRICS Summit.
Pezeshkian is appealing for BRICS members to consider a common currency.
Iran wants the grouping to reduce its dependence on the US dollar.
The proposal is linked to stronger trade and financial cooperation among BRICS members.
The article does not specify how the proposal could affect oil markets.
- Who
- Iranian President Masoud Pezeshkian and the BRICS member countries.
- What
- Iran is calling for a common currency and reduced dependence on the US dollar.
- When
- As India prepares to host the BRICS Summit.
- Where
- New Delhi, India.
- Why
- To strengthen trade and financial cooperation among BRICS members while reducing reliance on the US dollar.
- Iranian president
- Masoud Pezeshkian
- Event
- BRICS Summit
- Location
- New Delhi
- Main proposal
- Develop a common currency for BRICS
- Policy goal
- Reduce dependence on the US dollar
- Related cooperation
- Trade and financial cooperation among member countries