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Iran to join BRICS New Development Bank soon, says central bank governor
Abdolnaser Hemmati, the Governor of the Central Bank of Iran, announced that Iran is expected to join the New Development Bank (NDB) soon. The announcement was made ahead of a BRICS finance ministers and central bank governors meeting in India.
Iran, which joined the BRICS group in 2024, is seeking to establish alternative financial channels to mitigate the impact of extensive U.S. and international sanctions. Hemmati emphasized the importance of the NDB as a result of BRICS cooperation and stated that Iran is pursuing bilateral and trilateral monetary cooperation to facilitate trade using national currencies rather than the U.S. dollar.
To support this shift, Iran has initiated technical, legal, and operational assessments to interconnect its payment systems with those of other BRICS members. While the Iranian central bank has signaled its intent to become a member and shareholder, the NDB's corporate communications division has not yet officially confirmed Iran's membership status.
Entities
Abdolnaser Hemmati · BRICS · Dilma Rousseff · India · Iran · New Development Bank
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 16 SOURCES] Iran joined the BRICS group in 2024. jack1065.com · www.economica.net · sputniknews.cn · www.newarab.com · sbtnews.sbt.com.br · +11 more
- [● 25 SOURCES] Iran is seeking monetary cooperation to conduct trade using national currencies to reduce reliance on the U.S. dollar. jack1065.com · haber.doviz.com · kelo.com · sputniknews.cn · www.economica.net · +20 more
- [● 27 SOURCES] Iran will soon join the New Development Bank (NDB). jack1065.com · haber.doviz.com · kelo.com · sputniknews.cn · www.economica.net · +22 more
- [● 22 SOURCES] Abdolnaser Hemmati is attending a BRICS finance meeting in India. jack1065.com · www.economica.net · www.rador.ro · sbtnews.sbt.com.br · haber.doviz.com · +17 more
- [● 16 SOURCES] The New Development Bank was established in 2015 by Brazil, Russia, India, China, and South Africa. jack1065.com · www.economica.net · www.rador.ro · sbtnews.sbt.com.br · kelo.com · +11 more
- [● 5 SOURCES] The New Development Bank could not confirm information regarding Iran's membership. www.europesays.com · jack1065.com · srnnews.com · china.timesofnews.com · list25.com
- [○ 1 SOURCE] Iran has initiated technical, legal, and operational assessments for linking BRICS payment systems. wanaen.com