Iranian Ambassador to Russia Kazem Jalali met and held talks with Elvira Sakhipzadovna Nabiullina current head of the Central Bank of Russia.

Russian and Iranian exporters can 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 system.

Iran and Russia will sign a deal to trade in their national currencies instead of the US dollar in the first quarter of 2024, Iranian Central Bank governor Mohammad Reza Farzin stated on Thursday.