Iran plans to join the BRICS Bank, the Iranian Tasnim news agency reported Monday citing an Iranian official.
MOSCOW (Sputnik) Iranian Deputy Minister of Economic Development Mohammad Khazaee said at a meeting of a joint Iran-Brazil economic council that Tehran aims to join the BRICS Bank.
Iran will join #BRICS Bank: Iranian official, Tasnim reported on its Twitter account.
#Iran will join #BRICS Bank: Iranian official
2:28 PM - 26 Oct 2015
The agreement to establish the BRICS New Development Bank (NDB), with an initial capitalization of $100 billion, was signed by the BRICS member states Brazil, Russia, India, China and South Africa during the group's 6th summit in Fortaleza, Brazil, in July 2014.
The bank was officially launched at the last BRICS summit in the Russian city of Ufa earlier this year.
By Sputnik News
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