President of the Central Bank of Iran, Mohammed Farzin, said that a foreign exchange agreement will be signed with Russia in the first quarter of 2024. This will allow trading in rials and rubles, the agency said in a statement. ISNA.
“The volume of our exports to Russia is less than our imports… One of our good measures is that in the first quarter of next year a foreign exchange agreement will be signed between Iran and Russia, which means ruble trade is possible. and rials,” Farzin said.
Previously reportedHe said that Iranian bank Sepah opened a foreign letter of credit for the import of goods from Russia. This is the first time this has happened since the US Department of Justice reimposed the sanctions regime against the Islamic State. Tasnim quotes a comment from the Central Bank of Iran, referring to the meeting between Mohammad Farzin, governor of the Central Bank of Iran, and Elvira Nabiullina, Governor of the Central Bank of Russia, as part of the expansion of cooperation between the countries. After the meeting, the parties agreed to open a credit limit of 6.5 billion rubles for the supply of Russian goods to Iran.
On June 20, First Deputy Governor of the Bank of Russia Vladimir Chistyukhin said that Russia and Iran are discussing a wide range of possible financial cooperation, including payments, insurance and the use of Mir cards. He added that the Central Bank of the Russian Federation is discussing the possibility of expanding the Mir payment system with all friendly countries.
Previously Lavrov discussed Trade and economic cooperation with the head of the Iranian Ministry of Foreign Affairs.