BRICS Common Currency Still Under Consideration, Says Iran Foreign Minister

Source: Outlook India | Original Published At: 2026-09-12 04:51:02 UTC

Key Points

• Iranian Foreign Minister Abbas Araghchi said a common BRICS currency remains under consideration ahead of the BRICS Leaders' Summit in New Delhi.
• Araghchi said BRICS members broadly support strengthening national currencies and conducting trade among member states in those currencies.
• The article notes that a single BRICS currency is still a proposal under discussion and not an agreed policy.
• BRICS discussions have explored reducing dependence on the US dollar by expanding the use of member currencies in trade.
• India is hosting the BRICS Leaders' Summit in New Delhi on September 12-13.
• Iranian President Masoud Pezeshkian met Indian Prime Minister Narendra Modi, reviewing bilateral ties and cooperation in multilateral forums including BRICS.