Photo: AFP/Anadolu Agency/Sefa Karacan
Eurasia
15/07/2024 21:29
The bloc is already creating its payment system. BRICS newcomer Iran proposed the interconnection of the country’s central banks. Speaking on the increased partnership with Russia, the country sought to extend that to the group’s other members.
Iran’s Minister of Foreign Affairs spokesperson, Nasser Kanini, told Russian state media of its “completed connecting national payment systems” through Russia and its central banks. Moreover, they seek “to extend this mechanism” to BRICS nations.
These initiatives are vital to growing its status. Moreover, they will only help it increase competition with the West. Its very own parliamentary structure could be an even larger step forward in that direction.
