Chinese 100, 50, 20, 10 and 5 yuan bills and Russian 1,000 and 100 ruble bills - Sputnik International, 1920
Economy
Get breaking stories and analysis on the global economy from Sputnik.

Iran, Russia to Sign National Currency Deal in First Quarter of 2024

© AFP 2023 / ALI AL-SAADIAn Iraqi money dealer counts Iranian rial banknotes bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini, at an exchange office in Baghdad on February 3, 2012
An Iraqi money dealer counts Iranian rial banknotes bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini, at an exchange office in Baghdad on February 3, 2012 - Sputnik International, 1920, 28.12.2023
Subscribe
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.
Russian President Vladimir Putin and Iran's President Ebrahim Raisi hold a meeting in Tehran on July 19, 2022. - Sputnik International, 1920, 07.12.2023
Analysis
Closer Iran-Russia Ties 'Better for Both' Amid Transition to New World Order
Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала