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  • Malkhodr @lemmygrad.ml
    24·
    18 days ago

    Iran to soon join BRICS New Development Bank

    Tehran is pursuing bilateral and trilateral monetary cooperation within the bloc as members push trade in national currencies

    https://t.me/thecradlemedia/66061

    ❗️Iran says it will soon join BRICS Development Bank

    Expand

    ▪️Iranian Central Bank Governor Abdolnasser Hemmati announced that Iran will soon become a member of the New Development Bank (NDB), also known as the BRICS Bank, while attending the BRICS summit in India. He described the NDB as the most significant achievement of BRICS cooperation, praised India’s presidency of the bloc, and said Iran and India have expanded cooperation in the monetary, banking, and digital economy sectors, as reported by Tasnim News Agency.

    ▪️Hemmati said the BRICS summit provides an important opportunity to strengthen Iran’s monetary and banking ties with fellow member states. He added that BRICS countries are discussing greater monetary and financial cooperation, including conducting trade in their national currencies, and said Iran is seeking to establish bilateral and trilateral monetary cooperation with other BRICS members.

    https://t.me/thecradlemedia/66043

    I personally think that this was one of the key reasons for the desperate attack by the US. Iran’s inclusion in the BRICS Development Bank may make the entire sanctions regime of the US largely useless.

    • Che's Motorcycle@lemmygrad.ml
      9·
      18 days ago

      I personally think that this was one of the key reasons for the desperate attack by the US. Iran’s inclusion in the BRICS Development Bank may make the entire sanctions regime of the US largely useless.

      Agreed. US capital saw it as their last chance to recapture their fading hegemony, only to have it blow up spectacularly in their faces. The empire is not dead yet, but it will never recover from this wound either. The world is moving on without it, with India no less helping in that direction.

    • Maeve @lemmygrad.ml
      7·
      17 days ago

      I personally think that this was one of the key reasons for the desperate attack by the US.

      💯

      may make the entire sanctions regime of the US largely useless.

      Not that it really matters, I guess, but does anyone know if all the currencies are fiat or who has what backing their currencies? I read here recently that some state has decided to ditch fiat, but I can’t recall which, at the present. Maybe Burkina Faso. 🤔