World is increasingly getting closer to de-dollarization than ever in the history: Dr. Reza Amiri Moghadam

ISLAMABAD, July 29 (SABAH): By the BRICS alliance regarding a new transaction messaging system and looking to bypass the traditional payment mechanisms, the World is increasingly getting closer to De-dollarization than ever in the history.

According to a note by Dr. Reza Amiri Moghadam, Ambassador of the Islamic Republic of Iran to Pakistan, the creation of a new financial messaging system provides more variety for the economic activists and allows the region to reshape the global trade landscape. This variety is both needed and featured by the economic multilateralism. Pakistan’s adhesion to BRICS – as an influential regional and international player – will be another turning point to more and more strengthen BRICS.