Iran is set to join the BRICS New Development Bank, the country's central bank chief said Thursday, as Tehran seeks to shore up its economic alliances almost six months into its war with the U.S. and Israel.
The BRICS alliance was set up in 2006 by founding members Brazil, Russia, India and China, with South Africa joining in 2010.
It has since expanded to include Iran, Egypt, Ethiopia, Saudi Arabia, the UAE and Indonesia, with various other nations — including Belarus, Cuba and Nigeria — joining as partner countries.
Iranian state media reported Thursday that Abdolnasser Hemmati, governor of the Central Bank of Iran, had announced Iran would soon become a member of the BRICS Bank. Hemmati is currently in India ahead of next month's BRICS Summit, according to Iran's Tasnim News Agency.
