https://en.sputniknews.africa/20240513/1066529228.html
Iran in Talks to Use National Currency in Trade With Russia, Iraq, Afghanistan
Iran in Talks to Use National Currency in Trade With Russia, Iraq, Afghanistan
Sputnik Africa
TEHRAN (Sputnik) - The Central Bank of Iran is working on a scheme that will allow it to use the national currency in financial exchanges with Russia, Iraq and... 13.05.2024, Sputnik Africa
2024-05-13T15:14+0200
2024-05-13T15:14+0200
2024-05-13T18:39+0200
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Karimi said Iran was looking to pay for non-essential Russian imports using the rial pegged at an agreed exchange rate. He estimated potential trade exchanges in this category at between $1 billion and $1.5 billion.The Iranian Embassy in Russia said in March that Russian Central Bank Governor Elvira Nabiullina hosted Iranian Ambassador Kazem Jalali for talks on banking cooperation. The two countries linked their banking messaging systems in January in a bid to increase financial transactions amid Western sanctions.
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international, elvira nabiullina, russia, iran, iraq, russian central bank , afghanistan, currency, alternative currency
international, elvira nabiullina, russia, iran, iraq, russian central bank , afghanistan, currency, alternative currency
Iran in Talks to Use National Currency in Trade With Russia, Iraq, Afghanistan
15:14 13.05.2024 (Updated: 18:39 13.05.2024) TEHRAN (Sputnik) - The Central Bank of Iran is working on a scheme that will allow it to use the national currency in financial exchanges with Russia, Iraq and Afghanistan, the regulator's deputy governor, Mohsen Karimi, said on Monday.
Karimi said Iran was looking to pay for non-essential Russian
imports using the rial pegged at an agreed exchange rate.
He estimated potential trade exchanges in this category at between $1 billion and $1.5 billion.
"At the moment, the idea of using the international rial is being discussed with three counties — Russia, Afghanistan and Iraq. In Russia's case, work is almost done and the project is about to be implemented," he was quoted as saying by the ISNA news agency.
The Iranian Embassy in Russia said in March that Russian Central Bank Governor Elvira Nabiullina hosted Iranian Ambassador Kazem Jalali for talks on
banking cooperation.
The two countries linked their banking messaging systems in January in a bid to increase financial transactions amid Western sanctions.
