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Iran to Join BRICS New Development Bank

Дата публикации: 12-08-2026 13:21:18

The move is aimed at seeking bilateral and multilateral currency cooperation with BRICS members.

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https://sputnikglobe.com/20260812/iran-to-join-brics-new-development-bank-1124567852.html

Iran to Join BRICS New Development Bank

Iran to Join BRICS New Development Bank

Sputnik International

The move is aimed at seeking bilateral and multilateral currency cooperation with BRICS members.

2026-08-12T13:21+0000

2026-08-12T13:21+0000

2026-08-12T13:21+0000

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brics

new development bank (ndb)

abdolnaser hemmati

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Iran has been member of BRICS since 2024 but wasn't part of the New Development Bank. Joining the body will give Iran a sanctions-proof financial lifeline—and further cements BRICS as the core of the emerging multipolar economic order.

https://sputnikglobe.com/20260407/irans-hormuz-strait-toll-hits-petrodollar-accelerates-brics-de-dollarization-1123958633.html

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brics, new development bank (ndb), abdolnaser hemmati

brics, new development bank (ndb), abdolnaser hemmati

The move is aimed at seeking bilateral and multilateral currency cooperation with BRICS members.

The impending accession was announced by Iran’s Central Bank Governor Abdolnaser Hemmati, who added the NDB is "the most important result" of BRICS cooperation

The bloc now includes 10 members—Brazil, Russia, India, China, South Africa, Egypt, Iran, the UAE, Indonesia, and Ethiopia—with the NDB as its flagship financial institution

Iran, hit by massive restrictions for years, regularly pushes for independent and resilient financial mechanisms to counter Western sanctions

Iran has been member of BRICS since 2024 but wasn't part of the New Development Bank. Joining the body will give Iran a sanctions-proof financial lifeline—and further cements BRICS as the core of the emerging multipolar economic order.

Chinese yuan banknotes. - Sputnik International, 1920, 07.04.2026

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