https://sputnikglobe.com/20240108/iranian-russian-exporters-able-to-conduct-payments-in-national-currencies---central-bank-1116057485.html
Iranian, Russian Exporters Able to Conduct Payments in National Currencies - Central Bank
Iranian, Russian Exporters Able to Conduct Payments in National Currencies - Central Bank
Sputnik International
Russian and Iranian exporters are able to handle transactions in national currencies after the two countries integrated their financial message transfer systems, allowing banks to make direct payments without using the SWIFT payment system, Deputy Head of Iranian Central Bank Mohsen Karimi said.
2024-01-08T14:33+0000
2024-01-08T14:33+0000
2024-01-08T14:33+0000
economy
iran
russia
iranian central bank
javad karimi
https://cdn1.img.sputnikglobe.com/img/07e8/01/08/1116057275_0:160:3072:1888_1920x0_80_0_0_3afb6927316b8cd38ac90b0574a62355.jpg
"We have connected the two countries' message transfer systems to each other. This means that the banks of the two countries no longer need Switzerland to connect to each other and commercial banks of both countries can establish intermediary relations. The exporter can issue an invoice in rials to the Russian side and receive money from Russian banks in Iran," Karimi was quoted as saying by Iranian news agency Fars. Transactions can now be made in the national currencies of Russia and Iran, the deputy chief of the Iranian central bank said. Iranian Central Bank governor Mohammad Reza Farzin said in late December 2023 that Iran and Russia would sign a deal to trade in their national currencies instead of the US dollar in the first quarter of 2024. In March of that year, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi told Sputnik that banking payment systems of Iran and Russia had been fully connected and would enable banks in both countries to open accounts for national companies and carry out direct payments.
https://sputnikglobe.com/20240107/iran-russia-planning-to-create-joint-investment-committees-1116033276.html
iran
russia
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
russia-iran bilateral relations, transactions in national currencies, trade in national currencies, iranian central bank
russia-iran bilateral relations, transactions in national currencies, trade in national currencies, iranian central bank
Iranian, Russian Exporters Able to Conduct Payments in National Currencies - Central Bank
TEHRAN (Sputnik) - Russian and Iranian exporters are able to handle transactions in national currencies after the two countries integrated their financial message transfer systems, allowing banks to make direct payments without using the SWIFT payment system, Deputy Head of Iranian Central Bank Mohsen Karimi said.
"We have connected the two countries' message transfer systems to each other. This means that the banks of the two countries no longer need Switzerland to connect to each other and commercial banks of both countries can establish intermediary relations. The exporter can issue an invoice in rials to the Russian side and receive money from Russian banks in Iran," Karimi was quoted as saying by Iranian news agency Fars.
Transactions can now be made in the national currencies of Russia and Iran, the deputy chief of the Iranian central bank said.
Iranian Central Bank governor Mohammad Reza Farzin said in late December 2023 that Iran and Russia would sign a deal to trade in their national currencies instead of the US dollar in the first quarter of 2024.
In March of that year, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi told Sputnik that banking payment systems of Iran and Russia had been fully connected and would enable banks in both countries to open accounts for national companies and carry out direct payments.
