Iran Demands BRICS Digital Currency in 2024 to Ditch US Dollar: A De-Dollarization Push

Is Iran leading the charge for a BRICS digital currency? The global financial landscape is shifting, and Iran is at the forefront of discussions surrounding de-dollarization. Specifically, Iran has recently stated its desire to help create a BRICS currency to ditch the US dollar. This bold move highlights growing dissatisfaction with the US dollar's dominance and a desire for alternative financial systems.

The concept of a BRICS currency, potentially a cryptocurrency, has gained traction as a means to reduce reliance on the dollar for international trade and investment. The BRICS nations – Brazil, Russia, India, China, and South Africa – represent a significant portion of the global economy, and their collective efforts could reshape the future of finance.

Such a project has been in the works throughout 2025 and has 24 de sept. de 2025 At the BRICS Summit 2025 in Kazan, Russia, a key topic emerged: de-dollarization through cryptocurrency. Leaders of Russia, China, and Iran emphasized the use of digital currencies to facilitate trade and bypass sanctions. While the exact structure and implementation of a BRICS digital currency remain under development, Iran's vocal support demonstrates its commitment to this initiative.

The potential implications of a BRICS digital currency are far-reaching. It could offer greater financial autonomy to participating countries, reduce vulnerability to US sanctions, and create new opportunities for trade and investment. However, challenges remain, including regulatory hurdles, technological infrastructure development, and ensuring the stability and widespread adoption of the new currency.

Follow our ongoing coverage to stay updated on the latest developments in Iran's efforts to champion a BRICS digital currency and the global push for de-dollarization.