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

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Iran’s central bank governor announced the nation will soon join the New Development Bank. This move offers Tehran alternative financial channels outside the dollar system. Iran joined BRICS in 2024 and seeks deeper economic ties with emerging economies. The New Development Bank was established by BRICS nations to finance development projects. BRICS members are reducing reliance on the US dollar through national currency transactions.

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

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