Iran to Join BRICS Group, Access ‘BRICS PAY’ to Combat US Sanctions
Iran is set to join the BRICS assembly of emergent economies, and is looking to capitalize on its membership by utilizing the group’s electronic banking communication infrastructure, “BRICS PAY”, as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system. Mohammad Baqer Qalibaf, Speaker of the Iranian Parliament, announced plans for Iran to […]