Iran's central bank governor, Abdolnaser Hemmati, has announced that the establishment of the New Development Bank stands as a key achievement of BRICS cooperation, and that Iran will soon become a member.
Hemmati further stated that BRICS member nations have the capacity to conduct trade using their own national currencies, and Iran is actively pursuing bilateral and trilateral currency cooperation with other member states.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.