Iran is pushing BRICS toward a new financial architecture that could reduce reliance on the U.S. dollar and SWIFT. Tehran has proposed a dedicated “financial corridor” linking national payment systems and expanding trade settlements in local currencies. Iranian officials say BRICS members have welcomed the framework, which aims to cut transaction costs, accelerate payments and connect banking infrastructure across the bloc. Russia, China and Iran already have key elements of such connectivity in place. But could this Iranian proposal eventually give BRICS a powerful financial route beyond Western-controlled systems and sanctions?
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