Masoud Pezeshkian At BRICS: Iran Pushes Local Currencies, $10 Billion Reinsurance Fund
Addressing the BRICS Business Council, Iranian President Masoud Pezeshkian calls for deeper economic integration among member countries, including greater use of national currencies, stronger trade infrastructure and expanded private-sector investment. He proposes a $10 billion BRICS joint reinsurance company and urges the New Development Bank to drive financing for infrastructure and energy projects.
