{"id":5164,"date":"2023-08-28T12:20:40","date_gmt":"2023-08-28T07:50:40","guid":{"rendered":"https:\/\/iccci.ir\/en\/?p=5164"},"modified":"2023-08-28T12:20:41","modified_gmt":"2023-08-28T07:50:41","slug":"irans-brics-membership-to-boost-its-economic-clout","status":"publish","type":"post","link":"https:\/\/iccci.ir\/en\/irans-brics-membership-to-boost-its-economic-clout\/","title":{"rendered":"\u2018Iran\u2019s BRICS membership to boost its economic clout\u2019"},"content":{"rendered":"\n<p>Iran\u2019s membership in the BRICS group of emerging economies will be a good opportunity for the country to boost its economic maneuvering power, according to an economics expert.<\/p>\n\n\n\n<p>\u201cIran\u2019s presence in BRICS can play a role in [boosting] the trade volume between the five [original] member states,\u201d Sabah Zangeneh told IRNA.<\/p>\n\n\n\n<p>He said all BRICS member states have growing economies and make up about 25% of the entire world economy.<\/p>\n\n\n\n<p>All five BRICS members agreed during a Thursday summit in Johannesburg to admit six new members into the bloc, including Iran, Saudi Arabia, Ethiopia, Egypt, Argentina, and the United Arab Emirates.<\/p>\n\n\n\n<p>Iranian President Ebrahim Raisi, who participated in the three-day summit, said after the meeting that the country\u2019s accession to the group will boost its political and economic clout.<\/p>\n\n\n\n<p>Meanwhile, Zangeneh also pointed to global efforts to dethrone the dollar, saying reaching that aim requires certain developments and might take several years.<\/p>\n\n\n\n<p>\u201cNational currencies should reach a stage of stability, or a multi-currency formula should be introduced for it so that this formula can calculate the fluctuations of the national currencies,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iran\u2019s membership in the BRICS group of emerging economies will be a good opportunity for the country to boost its economic maneuvering power, according to an economics expert. \u201cIran\u2019s presence in BRICS can play a role in [boosting] the trade volume between the five [original] member states,\u201d Sabah Zangeneh told IRNA. He said all BRICS [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[16,2],"tags":[],"class_list":["post-5164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iran-news","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Iran\u2019s BRICS membership to boost its economic clout\u2019 - Iran \u2013 China Chamber of commerce and industries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iccci.ir\/en\/irans-brics-membership-to-boost-its-economic-clout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Iran\u2019s BRICS membership to boost its economic clout\u2019 - Iran \u2013 China Chamber of commerce and industries\" \/>\n<meta property=\"og:description\" content=\"Iran\u2019s membership in the BRICS group of emerging economies will be a good opportunity for the country to boost its economic maneuvering power, according to an economics expert. \u201cIran\u2019s presence in BRICS can play a role in [boosting] the trade volume between the five [original] member states,\u201d Sabah Zangeneh told IRNA. 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