Iran's BRICS Pitch Against West: $10 Bn Reinsurance Plan, 'Dump The Dollar' Push | Firstpost L

Iranian President Massoud Pezeshkian attended the BRICS summit in New Delhi, advocating for economic security to protect nations from military and political pressure. He proposed a $10 billion joint reinsurance company and urged the group to reduce reliance on the US dollar by expanding the use of national currencies and leveraging the New Development Bank for infrastructure financing.