BRICS member countries have concluded that dependence on the US dollar exposes them to risks such as inflation, sanctions, and interest rate fluctuations. Therefore, these countries are pursuing de-dollarization to establish a more independent global financial system.
Dependence on the dollar had made BRICS countries vulnerable to sanctions and global financial volatility. Now, through extensive cooperation, these countries have united to create an independent financial system and reduce the influence of the dollar.
By establishing appropriate financial platforms, BRICS has been able to support members’ infrastructure and development projects, creating opportunities to increase joint trade and investment.
Coordinated presence of BRICS representatives at the United Nations, Geneva, Vienna, and UNESCO has significantly increased the group’s international influence.
According to global statistics, BRICS has grown considerably faster than the G7 over the past two decades and has played a key role in reshaping global economic patterns.
By strengthening South–South cooperation, reducing poverty, and supporting comprehensive development of member countries, BRICS has become one of the main actors in global development.
Key Strategic Opportunities Highlighted for BRICS Members and Iran
