Iran’s push to be part of BRICS gains momentum

TL;DR Breakdown

  • 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.

Description

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 … Read more

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.

文章来源于互联网:Iran’s push to be part of BRICS gains momentum

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月2日 08:40
Next 2023年8月2日 10:31

Related articles

  • Senator Lummis files amicus brief in support of Coinbase’s move to dismiss SEC case

    TL;DR Breakdown U.S. Senator Cynthia Lummis joins forces with several crypto lobbying groups and a coalition of professors to urge a federal court to dismiss Coinbase case. The SEC has been accused of attempting to overstep its jurisdiction. Description U.S. Senator Cynthia Lummis has joined forces with several crypto lobbying groups and a coalition of professors to urge a federal court to dismiss a legal case brought by the Securities and Exchange Commission (SEC) against Coinbase. They filed amicus briefs asserting that the SEC was attempting to overstep its jurisdiction.  Senator Lummis files Coinbase’s … Read more U.S. Senator Cynthia Lummis has joined forces with several crypto lobbying groups and a coalition of professors to urge a federal court to dismiss a legal case brought by the Securities and Exchange Commission (SEC) against Coinbase. They filed amicus briefs asserting that the SEC was attempting to overstep its jurisdiction.  Senator Lummis files Coinbase’s amicus brief Earlier, the SEC initiated a legal action, claiming that platforms for cryptocurrency trading, such as Coinbase, were functioning as unregistered securities exchanges, brokers, and clearinghouses, and…

    Article 2023年8月12日
  • Coinbase Ventures Makes Strategic Move with Investment in Rocket Pool

    TL;DR Breakdown Coinbase Ventures announces a strategic investment in Rocket Pool, emphasizing the importance of decentralized Ethereum staking. Following the investment, Rocket Pool’s RPL token sees an 8% price surge, with market speculations of it nearing the $40 mark. Description In a significant development that underscores the growing importance of decentralized Ethereum staking protocols, Coinbase Ventures, the investment arm of the renowned US-based cryptocurrency exchange Coinbase, has announced a strategic investment in Rocket Pool. This move is seen by many as a testament to the potential of decentralized staking networks and the future of Ethereum. … Read more In a significant development that underscores the growing importance of decentralized Ethereum staking protocols, Coinbase Ventures, the investment arm of the renowned US-based cryptocurrency exchange Coinbase, has announced a strategic investment in Rocket Pool. This move is seen by many as a testament to the potential of decentralized staking networks and the future of Ethereum. Contents hide 1 A Deepening Relationship: Coinbase and Rocket Pool 2 Coinbase’s Active Participation in Rocket Pool’s Growth 3 Rocket Pool’s RPL Token: A Potential Bull Run…

    Article 2023年8月11日
  • Hong Kong regulator warns JPEX exchange over illegal operations

    TL;DR Breakdown Hong Kong’s financial watchdog has warned JPEX exchange over its unlicensed activities. Investor caution and regulatory development in the country. Description Hong Kong’s journey toward becoming a regional cryptocurrency hub has hit a regulatory roadblock as its top financial watchdog, the Securities and Futures Commission (SFC), issues a stern warning against the crypto exchange JPEX. The SFC’s concerns stem from what it deems as “suspicious features” exhibited by the platform and its lack of the necessary … Read more Hong Kong’s journey toward becoming a regional cryptocurrency hub has hit a regulatory roadblock as its top financial watchdog, the Securities and Futures Commission (SFC), issues a stern warning against the crypto exchange JPEX. The SFC’s concerns stem from what it deems as “suspicious features” exhibited by the platform and its lack of the necessary licensing to operate legally in Hong Kong. Hong Kong, a global financial hub, has been actively pursuing a robust regulatory framework for cryptocurrencies. JPEX admits to operating without a proper license The city has aspirations to position itself as a cryptocurrency and blockchain technology…

    Article 2023年9月16日
  • FCA takes down illegal crypto ATMs in the UK, issues strong warning

    TL;DR Breakdown FCA disrupts the majority of crypto ATMs and warns users of criminal involvement. Crypto ATM users lack protection, and FCA urges compliance and vigilance. A recent case highlights the risks of crypto scams and impersonation tactics. Description The Financial Conduct Authority (FCA), the renowned financial watchdog in the United Kingdom, announced the disruption of 26 out of 34 cryptocurrency ATMs it inspected. Firmly addressing the UK crypto ATM operators on February 14, the FCA issued a stern warning, clarifying that compliance with legislation or facing closure of illicit activities was the only … Read more The Financial Conduct Authority (FCA), the renowned financial watchdog in the United Kingdom, announced the disruption of 26 out of 34 cryptocurrency ATMs it inspected. Firmly addressing the UK crypto ATM operators on February 14, the FCA issued a stern warning, clarifying that compliance with legislation or facing closure of illicit activities was the only way forward. Responding promptly, the FCA, in collaboration with other law enforcement authorities, launched 36 investigations into cryptocurrency ATMs, exercising their authority under anti-money laundering laws. #Crypto ATMs…

    Article 2023年7月12日
  • PayPal faces investor concern over Q2 margins; executives express optimism for year-end growth

    TL;DR Breakdown Shares fell 7% as PayPal’s Q2 adjusted operating margin reached 21.4%, below the expected 22%, affected by strong growth in low-margin products and slowing branded products growth. Acting CFO Gabrielle Rabinovitch and CEO Dan Schulman forecast improvements in Q4, while expressing optimism for e-commerce growth and third-quarter revenue, above analysts’ estimates.  PayPal continues to benefit from resilient consumer spending, with total payment volume surging 11% in Q2, and the company’s leadership is in the final stages of selecting Schulman’s successor after his announced retirement. Description PayPal Holdings is facing increased scrutiny from investors as shares fell 7% in extended trading on Wednesday, driven by disappointment in the company’s quarterly operating margin. Even though PayPal executives have forecasted improvements towards the end of the year, the uncertainty surrounding the company’s financial performance is sparking concern. PayPal’s margins underwhelm investors PayPal’s adjusted … Read more PayPal Holdings is facing increased scrutiny from investors as shares fell 7% in extended trading on Wednesday, driven by disappointment in the company’s quarterly operating margin. Even though PayPal executives have forecasted improvements towards the…

    Article 2023年8月4日
TOP