At the 2026 BRICS Summit in New Delhi, Iranian President Masoud Pezeshkian made a strong pitch for expanding local currency trade across member states to reduce reliance on the US dollar. Backed by Foreign Minister Abbas Araghchi, Iran is actively consulting with BRICS members to facilitate its official accession into the New Development Bank (NDB). The move aligns with the broader BRICS New Delhi Declaration, which endorsed expanding local-currency financing and institutional growth across the Global South. 

BRICS summit 2026 bet on local currencies: Iran's NDB membership push

iran-brics-summit-local-currency-trade

Iran Brics Summit Local Currency Trade, News on Iran Brics Summit Local Currency Trade, stories on Iran Brics Summit Local Currency Trade, articles on Iran Brics Summit Local Currency Trade, Iran Brics Summit Local Currency Trade stories at Wion, Iran Brics Summit Local Currency Trade news, Iran Brics Summit Local Currency Trade latest news

iran brics-summit-local-currency-trade

BRICS summit 2026 bet on local currencies: Iran's NDB membership push