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Iran to join BRICS development bank soon, central bank governor says

  • Iran says it will soon join the BRICS New Development Bank, according to its central bank governor at a finance meeting in India.
  • The move is driven by heavy sanctions and Tehran’s push to find financial channels outside the U.S. dollar.
  • The NDB, set up by BRICS to fund infrastructure and development, has been expanding membership while encouraging trade in national currencies.
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