Towards Global De-dollarization: Iran Advocates for BRICS Digital Currency in 2024

Iran has positioned itself at the forefront of a significant move within the BRICS economic alliance, advocating for the creation of a BRICS digital currency in 2024 as a strategic step towards reducing global reliance on the US dollar. Throughout 2023, the BRICS nations have collectively focused on de-dollarization, alongside efforts to develop a native trading currency. These endeavors are expected to culminate in the launch of a new digital asset this year, marking a pivotal shift in international trade dynamics and currency utilization within the alliance.