During the second meeting of BRICS finance ministers and central bank governors, Iranian officials emphasized the necessity of utilizing local currencies and developing independent financial messaging systems. Seyed Ali Madanizadeh, representing Iran, highlighted that these measures are essential for mitigating the impact of international sanctions and reducing reliance on Western currencies. The discussions also focused on enhancing economic coordination and fostering investment in infrastructure projects. Furthermore, Iran underscored the strategic importance of the North-South Corridor, noting that ongoing investments from neighboring countries like Russia aim to optimize transit efficiency and lower logistics costs. The Central Bank of Iran further proposed prioritizing operational projects, such as cross-border payment solutions and the integration of digital currencies, to strengthen financial cooperation among member nations and establish a more resilient global economic structure.
Source : Tehran Times
Photo : Tehran Times
