BRICS Just Made A SHOCKING Announcement; “This Is Going To Be Huge!“
BRICS Just Made A SHOCKING Announcement; “This Is Going To Be Huge!“
The BRICS nations—Brazil, Russia, India, China, and South Africa—are making waves with announcements that could reshape the world. This economic group is pushing hard to cut its reliance on the US dollar and build new financial systems. One major initiative is boosting trade among BRICS members. Iranian Parliament Speaker Mohammad Baqer Qalibaf has called on these nations to find new ways to handle financial transactions without the US dollar.
BRICS is also exploring the idea of a BRICS Parliament to better coordinate economic and social policies and tackle global issues. In addition, BRICS is making strides in decentralized finance. They aim to integrate India’s RuPay and Russia’s MIR payment networks to reduce dependence on US-led financial systems. Strengthening ties with countries like Iran, Iraq, and Russia is another key move to expand their economic and geopolitical influence.
On another front, Saudi Arabia—a G7 member—has threatened to sell its European debt holdings, using its BRICS membership for leverage. These actions showcase BRICS’ growing confidence and its potential to alter the global landscape.
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Iranian Parliament Speaker Qalibaf has called on BRICS members to create new ways to handle financial transactions to boost trade among themselves. He highlighted the need to move away from the US dollar, using successful financial deals between Iran and Russia as an example.
Qalibaf emphasized the importance of integrating BRICS countries’ payment systems and building an independent financial infrastructure. This would allow them to trade without being affected by the US dollar’s dominance or Western sanctions. He pointed out that BRICS nations account for over 30% of global GDP, 40% of the world’s population, and 30% of global trade.
Reducing reliance on the US dollar could greatly shift global economic power.
Beyond de-dollarization, BRICS is exploring ways to make trade among member states easier. Strengthening cooperation among BRICS parliaments is one idea. This could mean aligning laws and regulations to encourage more trade and investment, as well as jointly tackling issues like unilateralism and protectionism.
BRICS countries are also thinking about new domestic laws to simplify cross-border trade within the group. This might include harmonizing customs procedures, improving logistics, and setting common standards and certification processes. By working together on parliamentary and regulatory levels, BRICS aims to create a better environment for boosting trade within the group and reducing dependence on external factors.
Now, let’s talk about Iran, Iraq, and Russia’s connection. Iran is actively reaching out to other BRICS members, especially Russia and Iraq, to strengthen its ties with this growing economic group. Qalibaf is a strong supporter of BRICS initiatives, showing that Iran is already working with Russia to develop new payment systems and reduce dependence on Western financial systems.
Iran’s increased involvement in BRICS could have big impacts. As a major Middle Eastern economy, Iran’s role in BRICS could boost its economic and political influence, potentially shifting the power balance in the Middle East. Joining BRICS, which represents over 30% of global GDP, 40% of the world’s population, and 30% of global trade, gives Iran access to new markets and investment opportunities, enhancing its geopolitical influence.
This could also help Iran navigate its dealings with the United States and other Western countries that have imposed sanctions on it. Moreover, Iran’s strong relationship with Iraq, another country facing economic and political challenges, could benefit from BRICS support. Iran might try to involve Iraq in BRICS initiatives, expanding the group’s reach and influence in the Middle East.
Overall, Iran’s efforts to connect with BRICS, especially its growing ties with Russia and Iraq, show a strategic move by Tehran to diversify its economic and political partnerships, reduce its isolation, and potentially reshape regional power dynamics. Recently, Saudi Arabia sent a clear message to the Group of Seven (G7) nations. The core idea was this: if the G7 proceeds with plans to seize frozen Russian assets, Saudi Arabia might start selling off some of its European debt holdings. This stance essentially advises against provoking Russia, given its strategic importance to Saudi Arabia.
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