Iran’s President proposes common currency for regional trade
Pezeshkian said that regional unity and economic cooperation could help countries “overcome the obstacles imposed by external powers”
TEHRAN, Iran (MNTV) — Iranian President Masoud Pezeshkian on Tuesday proposed the creation of a shared regional currency among Islamic and neighboring countries to promote economic integration and counter the effects of Western sanctions.
Speaking at a meeting with Tajikistan’s Interior Minister Ramazan Rahimzada on the sidelines of the 4th Economic Cooperation Organization (ECO) Interior Ministers Conference in Tehran, Pezeshkian said closer coordination in trade, security, and culture could strengthen regional independence and growth.
“Even a common currency could be adopted in the region to help promote economic development,” Pezeshkian said, according to the presidency’s website. He emphasized that Iran and Tajikistan share deep religious, linguistic, and cultural ties, which could serve as a foundation for wider cooperation.
Pezeshkian also stressed that security and stability are essential for economic progress, urging joint efforts to combat terrorism, drug trafficking, and cross-border threats. He called for a structured framework to facilitate collaboration among business leaders, academics, and professionals in economic, scientific, and medical fields.
The Iranian president warned that external powers might seek to undermine regional unity but said closer cooperation would enhance collective strength and resilience.
For his part, Tajik Minister Rahimzada expressed support for expanding security and cultural ties, saying the Tajik people “consider Tehran their second home.”
Founded in 1985 by Iran, Pakistan, and Turkey, the ECO now has ten members, including five Central Asian states, and aims to deepen regional trade and connectivity.
Iran, with a population of more than 91 million, continues to seek new economic avenues despite U.S. and U.N. sanctions reimposed over its nuclear program. Western nations accuse Tehran of pursuing nuclear weapons, a charge Iran denies.
Pezeshkian said that regional unity and economic cooperation could help countries “overcome the obstacles imposed by external powers.”
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