Iran to join BRICS development bank soon, central bank chief says
Headline from The Times of Israel
In bid to skirt US and international sanctions, Islamic Republic seeks to build on its 2024 accession to bloc formed by Brazil, Russia, India, China and South Africa
The Times of Israel's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
DUBAI, Aug 13 (Reuters) - Iran will soon join the New Development Bank, the development lender established by the BRICS group of nations, central bank governor Abdolnaser Hemmati said in a state media report published on Wednesday ahead of a BRICS finance meeting in India.
Iran’s Central Bank governor said the country will soon join the New Development Bank as he traveled to India this week for a meeting of the group’s finance leaders.
Iran is moving to deepen its economic ties with the BRICS bloc by joining the group’s New Development Bank, a step Tehran is taking as its conflict with the United States and Israel stretches into its sixth month and places mounting strain on the Iranian economy.
In bid to skirt US and international sanctions, Islamic Republic seeks to build on its 2024 accession to bloc formed by Brazil, Russia, India, China and South Africa
Iran to join BRICS development bank soon, central bank chief says | Since Then
