13-August-2026
Economy News
 
Iran to Join BRICS Development Bank Soon, Central Bank Governor Says
13-Aug-2026

Iran will soon join the New Development Bank, the development lender established by the BRICS group of nations, central bank governor Abdolnaser Hemmati said in a state media report published on Wednesday ahead of a BRICS finance meeting in India. Iran remains under sweeping U.S. and international sanctions, and it has yet to reach a peace deal to end the current conflict with the U.S. and Israel, giving Tehran added incentive to seek alternative financial channels outside the dollar system.

News Source:- https://money.usnews.com/investing/news/articles/2026-08-12/iran-to-join-brics-development-bank-soon-central-bank-governor-says