Iran to soon join BRICS New Development Bank
Tehran is pursuing bilateral and trilateral monetary cooperation within the bloc as members push trade in national currencies
https://t.me/thecradlemedia/66061
❗️Iran says it will soon join BRICS Development Bank
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▪️Iranian Central Bank Governor Abdolnasser Hemmati announced that Iran will soon become a member of the New Development Bank (NDB), also known as the BRICS Bank, while attending the BRICS summit in India. He described the NDB as the most significant achievement of BRICS cooperation, praised India's presidency of the bloc, and said Iran and India have expanded cooperation in the monetary, banking, and digital economy sectors, as reported by Tasnim News Agency.
▪️Hemmati said the BRICS summit provides an important opportunity to strengthen Iran's monetary and banking ties with fellow member states. He added that BRICS countries are discussing greater monetary and financial cooperation, including conducting trade in their national currencies, and said Iran is seeking to establish bilateral and trilateral monetary cooperation with other BRICS members.
https://t.me/thecradlemedia/66043
I personally think that this was one of the key reasons for the desperate attack by the US. Iran's inclusion in the BRICS Development Bank may make the entire sanctions regime of the US largely useless.