Nabiullina discussed with the head of the Central Bank of Iran the development of the settlement system in national currencies

Nabiullina discussed with the head of the Central Bank of Iran the development of the settlement system in national currencies

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Chairman of the Central Bank (CB) of Russia Elvira Nabiullina visited Tehran and met with her Iranian counterpart Mohammad Reza Farzin. They discussed the development of a system of bilateral settlements, including in national currencies. He called the meeting productive.

“We have reached a consensus on the development of common currency relations, and based on it we have prepared an operational roadmap,” the chairman of the Iranian Central Bank wrote on Twitter (quoted by Interfax). The Russian Central Bank has not yet commented on the meeting.

Russia and Iran last week reached all bilateral agreements necessary for the use of cards of the Russian payment system “Mir”. Its adaptation to the payment system of Iran discussed from August 2022. The countries also want to create a token that will replace the dollar, ruble and Iranian rial in foreign trade settlements.

Details – in the material “Kommersant FM” “Russia and Iran will meet for Mir”.

Laura Keffer

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