Iran to Join BRICS New Development Bank

Iran's central bank governor, Abdolnaser Hemmati, announced that Iran will soon join the New Development Bank (NDB), the lender established by the BRICS group. The announcement was made ahead of a BRICS finance meeting in India. This move signifies Iran's continued efforts to integrate into non-Western financial institutions and strengthen economic ties with major emerging economies like China and Russia amid ongoing international sanctions.

Date:

Country: Iran

Conflict: US-Iran Conflict

Severity: LOW

Source: Foundation for Defense of Democracies

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