Iran Says It Will Join the BRICS Bank — Bank Can't Confirm

BRICS: Expansion

Key Facts

—The claim. Iran will soon join the New Development Bank, central bank governor Abdolnaser Hemmati said in a state media report published August 12, 2026 — the bank itself told Reuters on August 13 it cannot confirm any accession.

—The members. The NDB has 10 members: founders Brazil, Russia, India, China and South Africa, plus Bangladesh, the UAE, Egypt, Algeria and Uzbekistan, which became the tenth member on June 5, 2026.

—The door. Membership is open to members of the United Nations — borrowing and non-borrowing countries alike, according to the bank.