Iran and China are moving toward a crucial currency swap mechanism which is expected to help ease their mutual trade activities. The mechanism envisages payments in yuan to suppliers of commodities and services to Iran in return for the oil that Beijing purchases from Tehran, Irans media reported on Sunday. Majid-Reza Hariri, the deputy head ...

Pakistan and Iran are unlikely to sign currency swap arrangement (CSA), as central banks of both the countries believe that such an option "is not available", officials toldBusiness Recorderon Saturday. The sources said that because of international sanctions on Iran, Pakistani banks were hesitant to conduct transactions with Iranian banks and most ...