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.

Financial Tribune - Commercial transactions in national currencies between Russia and Iran exceeded 50% in 2019, Moscow's commercial representative in Tehran, Rustam Zhiganshin, said. "While in 2018 payments in national currencies amounted to 40%, this figure has already exceeded 50% in 2019," Zhiganshin told Sputnik. The official stressed that ...

Financial Tribune - The governor of Irans central bank says the country has totally scrapped US dollar in trade with Russia and Turkey, and trade partners are using their national currency instead. According to Abdolnasser Hemmati, all financial transactions with Russia and 30-40% of transactions with Turkey are currently conducted using their national ...

Tehran Times In a meeting between Iran and Turkeys presidents on Monday in Ankara, the two sides stressed expansion of economic and banking ties and emphasized the need for following up on a plan for trade via national currencies, the governor of the Central Bank of Iran (CBI) said. Mutual talks between Iranian and Turkish Presidents, held today,...

MNA Russian Ambassador to Iran Levan Dzhagaryan said that trading between Iran and Russia with national currencies is a key step to counter the unilateral sanctions of the United States. He made the remarks in an interview with an IRIB program which aired Saturday night. Speaking in Persian, the envoy highlighted that currently 25% of trades ...

TASS - Payments in national currencies in the Russian-Iranian trade turnover account for over 20%, Irans Ambassador to Russia Mehdi Sanai said in an interview aired by the Rossiya-24 TV news channel on Tuesday, adding that their share is rising. "According to our statistics, currently over 20% of our trade transactions are made in national currencies,...

MNA Heads of Iran and Russia central banks met in Moscow Thursday, and discussed various issues related to banking cooperation, particularity the use of national currencies in trade transactions. Following the recent meeting of Iranian and Russian presidents in Tehran focused on boosting trade and financial ties between the two sides,...

Tasnim Irans Deputy Minister of Industry, Mine and Trade Sadeq Najafi announced that the two countries have reached an agreement on the exchange of Turkish lira with Iranian rial in banking transactions. Speaking to reporters on the sidelines of the 24th round of Electronic, Computer and E-Commerce Exhibition (Elecomp 2018) in Tehran on Monday,...

Press TV- Iran and Turkey have opened their first letter of credit for business transactions in their national currencies as the two countries move to ditch the US dollar and the euro in bilateral trade. The first foreign exchange swap in the Iranian rial and Turkish lira came on Tuesday after months of anticipation, which followed an agreement ...

Press TV- Energy Minister Alexander Novak says Russia is considering payments in national currencies in trade with Iran and Turkey amid their escalating tensions with the US. There is a common understanding that we need to move towards the use of national currencies in our settlements. There is a need for this, as well as the wish of the parties,...

RT- Russian Energy Minister Aleksandr Novak said the country is considering an option of payments for oil in national currencies, in particular with Turkey and Iran. According to him, both countries are interested but there is also a matter of conversion of currencies and their further use. There is a common understanding that we need to move towards ...

MNA CBI Governor Valiollah Seif said the project to use national currencies in trade transaction between Iran and Russia was in final stages. Governor of Central Bank of Iran, upon returning from Moscow, said talks were held with the Central Bank of Russia over linking Mir payment system of Russia and Irans Shetab (Interbank Information Transfer ...

Iran's Ambassador to Russia Mehdi Sanaei said that Iran is interested in strengthening the economic and banking cooperation with Russia and opening joint banks for mutual payments in rubles and rials. MOSCOW (Sputnik) Tehran is interested inincreasing economic cooperation withMoscow afterthe anti-Iran sanctions are lifted, including transitioning ...