Iran's Central Bank Governor heads to India for BRICS conference

By bne Tehran bureau August 25, 2024

Mohammad Reza Farzin, the Governor of the Central Bank of Iran (CBI), departed for Bengaluru (Bangalore), India on August 25 to attend the Global Digital Public Infrastructure Conference and Emerging Technologies, as part of efforts to strengthen economic diplomacy with key BRICS members.

The conference, focusing on digital public infrastructure and emerging technologies, provides a platform for Iran to explore potential collaborations in fintech and digital banking solutions with other participating nations.

Farzin, accompanied by a technical delegation, will participate in discussions aimed at enhancing monetary and banking cooperation with Iran's economic partners on the sidelines of the conference, Banker.ir reported

The visit comes as Iran seeks to bolster its economic ties with BRICS nations, particularly in the face of ongoing Western sanctions.

Bengaluru, the capital of Karnataka state and a major technology hub in India, is hosting the event.

This trip underscores Iran's efforts to diversify its international economic relationships and engage with emerging global financial technologies.

It also highlights the growing importance of BRICS countries in Iran's economic strategy.

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