Iran Working on Joining BRICS Development Bank – Foreign Minister
Cooperation areas
Source: Sputnik News | Original Published At: 2026-09-12 09:44:00 UTC
Key Points
- Iranian Foreign Minister Abbas Araghchi said Iran is working on joining the BRICS New Development Bank.
- In August, Iranian Central Bank Governor Abdolnaser Hemmati said Iran would soon join the bank.
- Iran is seeking bilateral and multilateral currency cooperation with BRICS member countries.
- Iran has regularly advocated independent and sustainable financial mechanisms to counter sanctions.
- BRICS was established in 2006 by Brazil, Russia, India and China, with South Africa joining in 2011.
- India holds the rotating BRICS chairmanship in 2026, and the 18th BRICS summit is being held in New Delhi on September 12-13.