In today's world, where economic and trade exchanges are rapidly changing, Iraqi made important remarks about the position of BRICS members regarding national currencies. This official stated that there are different viewpoints within this group, but emphasized that all members agree on strengthening national currencies in trade exchanges.
Trading with National Currencies; A Path to Economic Independence
Iraqi noted that the use of national currencies in trade among BRICS member countries could help their economic independence and reduce dependence on foreign currencies. He added, "BRICS members are seeking to boost trade by using national currencies while staying safe from fluctuations in international currencies."
These statements come at a time when the global economic situation is affected by various challenges, including political and economic crises. BRICS, which consists of major economic countries such as China, India, Brazil, Russia, and South Africa, is looking to create new mechanisms to strengthen its economic and trade relations.
Reviewing a Single Currency; An Uncertain Future
Iraqi also referred to the issue of creating a single currency for BRICS countries and said, "This matter is still under review and requires further agreements." He added that while the ultimate goal is to create a single currency, the details and mechanisms necessary to achieve this goal have not yet been specified.
It seems that BRICS countries, considering global developments, are seeking new ways to facilitate trade and strengthen their national currencies. Could this approach help reduce dependence on the dollar and other foreign currencies? Time will tell.
