Iran Calls for Trade De-Dollarisation at BRICS Summit

Source: Devdiscourse | Original Published At: 2026-09-11 15:31:06 UTC

Key Points

• Iranian President Masoud Pezeshkian spoke at the BRICS Business Forum during the 18th BRICS Summit in New Delhi.
• He urged BRICS members to reduce reliance on the US dollar in trade and expand the use of local currencies.
• Pezeshkian proposed mechanisms to manage currency volatility and protect economies from sanctions and financial restrictions.
• He emphasized the New Development Bank's role in financing infrastructure and energy projects using local-currency financing and guarantees.
• Iran suggested digitalising and standardising trade infrastructure and creating a joint reinsurance company to cover major project risks.
• He also called for BRICS cooperation on the digital economy, cybersecurity, digital standards, and adaptation to artificial intelligence advancements.