BRICS economic cooperation stories

Aug 12, 2026

Iran to join BRICS New Development Bank, central bank governor says

Iran will soon become a member of the New Development Bank, the development lender established by the BRICS group of nations, according to Central Bank Governor Abdolnaser Hemmati. The announcement came ahead of a BRICS finance meeting in India.

Aug 12, 20262 sources

Aug 11, 2026

BRICS considers linking central bank digital currencies and payment systems for cross-border transactions

BRICS nations are discussing linking their central bank digital currencies and fast payment systems to reduce cross-border transaction costs, according to Reserve Bank of India Governor Sanjay Malhotra.

Aug 11, 20262 sources

Top claims

▪Supreme Leader Mojtaba Khamenei appointed Ali Abdollahi as chief of the General Staff, with a mandate to complete the integration of the General Staff and the Khatam al-Anbiya headquarters.
▪Iran will soon become a member of the BRICS-backed New Development Bank, according to Iranian Central Bank Governor Abdolnaser Hemmati.
▪United States forces struck the Panama-flagged vessel Vela Nova with Hellfire missiles on August 11, 2026, after the crew ignored warnings while heading toward an Iranian port.

Subtopics

BRICS summits & declarations New Development Bank (NDB)International trade Iran & regional influence BRICS expansion & new members Central Bank Digital Currencies (CBDCs)BRICS de-dollarization & currency initiatives BRICS payment systems & finance Cross-border payments

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