Economy

Iran to join BRICS development bank soon, central bank governor says

Iran's central bank governor said the country will soon become a member of the New Development Bank, seeking financial cooperation with BRICS members.

Talivio News · Global 14 August 2026, 08:27 1 min read

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Abdolnaser Hemmati, governor of the Central Bank of Iran, said the country will soon become a member of the New Development Bank, the financial institution established by BRICS member countries.

Our country will soon join the BRICS development bank.

— Abdolnaser Hemmati, governor of the Central Bank of Iran

Hemmati also said Iran is seeking to establish bilateral and trilateral monetary cooperation with member states.

US President Donald Trump has previously labeled BRICS policies as 'anti-American'.

Economics Correspondent · Talivio News

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Sources 2

CNA — Iran to join BRICS development bank soon, central bank governor says (opens in a new window) accessed 14 Aug 2026
CNBC — Iran looks to ramp up economic alliance with BRICS nations as war with U.S. drags on (opens in a new window) accessed 14 Aug 2026

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