Iran's central bank chief said on Thursday that the country is set to join the BRICS New Development Bank, according to CNBC, which reported the move amid what it described as Iran's ongoing conflict with the United States.
Key facts
- Iran's central bank chief said on Thursday that the country is set to join the BRICS New Development Bank, per CNBC.
- The New Development Bank is the financial institution associated with the BRICS group of nations.
- CNBC reported the development in the context of Iran's ongoing conflict with the United States.
- The report was published by CNBC on 13 August 2026.
- Details on timing and terms of Iran's membership were not provided in the available reporting.
Iran’s central bank chief said on Thursday that the country is set to join the BRICS New Development Bank, according to CNBC. The bank is the financial institution associated with the BRICS group of nations.
CNBC reported the development in the context of what it described as Iran’s ongoing conflict with the United States.
Further details, including the timing and terms of Iran’s prospective membership, were not provided in the available reporting. It is not yet clear when any formal step would take place or what conditions would apply.
Why it matters
Iran's stated intention to join a BRICS-linked financial institution reflects reported efforts by Tehran to deepen ties with the bloc. The full significance remains unclear pending further detail on the terms and timing of any membership.
Frequently asked questions
What is Iran planning to join?
According to CNBC, Iran's central bank chief said the country is set to join the BRICS New Development Bank.
When was the announcement made?
Iran's central bank chief made the statement on Thursday, in reporting published by CNBC on August 13, 2026.
Why is Iran pursuing this move now?
CNBC reported the move in the context of Iran's ongoing war with the United States, as the country looks to ramp up its economic alliance with BRICS nations.