Iran Expects to Join BRICS New Development Bank Soon, Hemmati Says

Source: Outlook India | Original Published At: 2026-08-14 07:13:58 UTC

Key Points

• Central Bank of Iran Governor Abdolnaser Hemmati said at a BRICS meeting in India that Iran would soon join the New Development Bank.
• The article notes that the NDB does not currently list Iran as a member or prospective member, so Hemmati's statement does not confirm completed accession.
• Hemmati called for greater monetary and banking cooperation, increased trade in national currencies and reduced reliance on US dollar settlements.
• Discussions also covered digital finance and bilateral and trilateral monetary cooperation among BRICS members.
• The NDB finances infrastructure and sustainable development projects in BRICS and other emerging markets and developing countries.
• The 2024 Kazan Declaration supported further NDB membership expansion, local-currency financing and payment-system cooperation.