Announcement of the start of the cancellation of the dollar in the trading of the “Brix” group, 1 JAN

 Announcement of the start of the cancellation of the dollar in the trading of the “Brix” group, 1 JAN

Iran, like other BRICS members, will abolish the use of the dollar in trade, economic and financial dealings within the group, and has already begun several steps in this direction.

“Within this organization, we have many planned tasks and joint work with other BRICS members,” Iranian Deputy Foreign Minister and Chief Negotiator Ali Bagheri Kayani announced this, an interview with Novosti correspondent.

“One of the most important actions was to eliminate the use of the dollar in commercial and economic transactions and financial cooperation. Activities like this have begun in the work of the BRICS, and we hope to strengthen and grow these activities in order to implement this task as soon as possible.”

The BRICS group includes Brazil, Russia, India, China and South Africa, but more recently 23 countries have already expressed a desire to join this economic bloc.

At the last summit held in Johannesburg in August, the UAE, Saudi Arabia, Iran, Argentina, Egypt and Ethiopia were officially invited to join the BRICS as of January 1, 2024.

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