https://sputnikglobe.com/20231228/iran-russia-to-sign-national-currency-deal-in-first-quarter-of-2024-1115863926.html
Iran, Russia to Sign National Currency Deal in First Quarter of 2024
Iran, Russia to Sign National Currency Deal in First Quarter of 2024
Sputnik International
Iran and Russia will sign a deal to trade in their national currencies instead of the US dollar in the first quarter of 2024, Iranian Central Bank governor Mohammad Reza Farzin stated on Thursday.
2023-12-28T22:05+0000
2023-12-28T22:05+0000
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"Our exports to Russia are lower than imports... Our effective measures [to change the situation] include the signing of a currency agreement between Iran and Russia in the first quarter of the next year," Farzin was quoted as saying by the ISNA news agency. Earlier this week, Farzin paid a two-day visit to Moscow, where he held a meeting with Russian Central Bank Governor Elvira Nabiullina. Farzin and Nabiullina agreed to open a credit line worth 6.5 billion rubles ($73.45 million), so that Iran could import necessary Russian goods. On Wednesday, the Tasnim news agency reported, citing the Central Bank of Iran, that the country's Bank Sepah opened the first foreign letter of credit for importing Russian goods after the US Justice Department had reinstated the sanction regime against the republic.
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Iran, Russia to Sign National Currency Deal in First Quarter of 2024
TEHRAN (Sputnik) - Iran and Russia will sign a deal to trade in their national currencies instead of the US dollar in the first quarter of 2024, Iranian Central Bank governor Mohammad Reza Farzin stated on Thursday.
"Our exports to Russia are lower than imports... Our effective measures [to change the situation] include the signing of a currency agreement between
Iran and Russia in the first quarter of the next year," Farzin was quoted as saying by the ISNA news agency.
Earlier this week, Farzin paid a two-day visit to Moscow, where he held a meeting with Russian Central Bank Governor Elvira Nabiullina. Farzin and Nabiullina agreed to open a credit line worth 6.5 billion rubles ($73.45 million), so that Iran could import necessary Russian goods.
On Wednesday, the Tasnim news agency reported, citing the Central Bank of Iran, that the country's Bank Sepah opened the first foreign letter of credit for
importing Russian goods after the US Justice Department had reinstated the sanction regime against the republic.
7 December 2023, 11:44 GMT
