The Governor of the Central Bank of Iran announced that Iran will join the BRICS New Development Bank.
Iran will join the BRICS New Development Bank (NDB), Central Bank of Iran Governor Abdolnaser Hemmati said on Thursday, a move aimed at strengthening its economic alliances amid nearly six months of ongoing conflict with the United States and Israel. Hemmati is currently in India, preparing for next month's BRICS summit. Joining the bank will make Iran eligible to seek financing for its infrastructure and sustainable development projects, addressing the pressure on its economy from long-term sanctions and the current conflict.
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