The Islamic Republic of Iran has officially submitted its application to join the group of five leading economies made up of Brazil, Russia, India, China, and South Africa, the foreign ministry in Tehran announced on Monday.

The move comes after the Iranian president digitally addressed the BRICS summit meeting last week. While BRICS is not a treaty bloc, it has a very creative mechanism with broad aspects, Iranian Foreign Ministry spokesman Saeed Khatibzadeh said.

Iran’s membership would add value for everyone involved, said Khatibzadeh, noting that BRICS members account for up to 30% of the world’s GDP and 40% of the global population.

On Friday, Iranian President Ebrahim Raisi addressed the BRICS virtual summit hosted by China, and expressed Tehran’s readiness to share its capabilities and potentials with the group.

Argentina has also applied to join BRICS. President Alberto Fernandez on Friday urged the creation of cooperation mechanisms that could represent the alternative to ostensibly private institutions run by – and in the interest of – the West.

During the session on Wednesday, Russian President Vladimir Putin said that the five-member group was working on setting up a new global reserve currency based on a basket of currencies of our countries.

RT. com / ABC Flash-Point News 2022.

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28-06-22 16:01

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Thien Chau
Thien Chau
Reply to  Valkry
28-06-22 16:23

US is creating GPII to counter BRI by using G7 power, but US does not realize that G7 has been countered by BRICS for sometime, now BRICS is expanding to BRICS+, that’s 5+. It’s interesting to see G7 turns in to G7+, but very unlikely because US is always trying to create some new or surprise instead of making better foundation. Perhaps US thinks more gangs group is better but at the end is still the same number of people, this is called company splitting so can collect revenue from difference means. US is treating business partners as stock market.

28-06-22 16:22

The currency should be called REO as in reinforced concreat makes a great foundation for BRICKS.