The head of the Central Bank of Iran went to St. Petersburg to attend the Financial Congress 02:09

The Governor of the Central Bank of Iran, Mohammad Reza Farzin, has arrived in St. Petersburg to attend the Financial Congress of the Bank of Russia. The Iranian news agency reported this My classification.

In addition to attending the Financial Congress, Farzin will hold bilateral talks with the head of the Central Bank of Russia, Elvira Nabiullina. The meeting will focus on monetary and banking issues.

Before this Farzin statedHe said that Iran is working on implementing the idea of ​​an offshore rial and plans to use it in financial transactions with Russia soon. According to him, the project is currently in the development stage.

Offshore rial is a currency used in Iran’s cross-border trade with many countries. One of its most important applications is the development of the national currency and the management of foreign exchange expenditures. Due to the sanctions imposed by the United States, Iran’s connection to the international interbank SWIFT system has been cut off.

Previously, Russia and Iran will begin improving the organization of gas supply.

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Source: Gazeta

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