Iran is reportedly preparing to join the BRICS Development Bank as it seeks new financial avenues.
In a significant development for international finance, Iran is poised to become a member of the New Development Bank (NDB), the prominent multilateral financial institution established by the BRICS bloc of nations. This announcement was made by Abdolnaser Hemmati, the Governor of Iran’s Central Bank, on Wednesday, August 12, 2026. Hemmati’s remarks, disseminated through Iranian…