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Iran’s push to be part of BRICS gains momentum

In this post:

  • Iran is intensifying efforts to become a member of the BRICS group, strengthening ties with existing members.
  • Country officials are actively participating in BRICS meetings, and the president is expected at the upcoming summit.
  • The push for BRICS membership is part of the nation’s larger strategy for de-dollarization and global economic realignment.

Iran’s drive to secure a place within the influential BRICS economic group has taken a bold stride forward. The nation is unabashedly exerting itself on the world stage to cement its economic future, seeking alliances with major powers within the BRICS nations, namely Brazil, Russia, India, China, and South Africa.

This is not a subtle endeavor. Iran is actively pushing for membership, and according to the country’s deputy foreign minister for economic diplomacy, no barriers are preventing its inclusion.

A determined move towards economic alliances

The present world economic order is no longer satisfactory for Iran. It’s looking elsewhere, specifically towards the BRICS nations.

Iran has not only built strong ties with China, Russia, and India but is also focusing on expanding its economic relationships with other BRICS members. The country’s leaders are not shy about their ambitions and are openly seeking membership within the bloc.

This momentum gained further traction when the Iranian foreign minister and the secretary of Iran’s Supreme National Security Council (SNSC) attended recent BRICS meetings.

Furthermore, the country’s President, Ebrahim Raisi, is expected to be a part of the forthcoming BRICS leaders’ summit, set to be held from August 22-24 in Johannesburg.

De-dollarization and the new path forward

Iran’s efforts to be part of BRICS are intertwined with its broader strategy for de-dollarization. President Raisi is unambiguous about his desire to dismantle the reliance on the U.S. dollar in global trade, calling for a shift to using national currencies.

It’s a move that resonates with a sense of defiance, aligning with Iran’s current political ideology and economic direction. In a distinct move, the nation hosted a conference in May with representatives from nine Asian countries to deliberate over de-dollarization.

This push to forge new paths and alliances indicates Iran’s drive to establish itself as an economic powerhouse, independent of Western financial systems.

Iran’s aim for de-dollarization seems to go hand-in-hand with its aspiration to join BRICS, reflecting a coordinated strategy to reshape the nation’s global economic standing. What sets the country apart in this international arena is its clear agenda and determined push.

Unlike the over 40 countries that have shown interest in joining BRICS, with 22 having formally applied, Iran’s pursuit appears more deliberate, calculated, and aligned with its broader economic and political strategy.

South Africa, this year’s host for the BRICS summit, has already made it clear that the guest list will include 69 leaders, predominantly from the Global South, excluding Western nations.

This underscores the shifting dynamics and the growing importance of these emerging markets in the global economy. Iran’s efforts to join BRICS are far from casual.

They reflect a determined strategy, a well-thought-out plan that goes beyond mere membership in an economic bloc. The push signifies Iran’s readiness to engage in major global economic realignments, challenging existing systems, and creating new alliances.

Iran’s audacity in seeking BRICS membership is not a mere footnote in international relations; it’s a clarion call, an announcement of a new chapter in its economic narrative. It’s a push filled with intent, reflecting a nation eager to redefine its role in the global economic landscape.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Ryan Salame
Cryptopolitan
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