Iranian, Russian central banks call for using nat'l currencies
IRNA - Islamic Republic News Agency
May 24, 2023
Tehran, IRNA -- Governors of the central banks of Iran and the Russia have emphasized strengthening trade exchanges and using their national currencies in bilateral trade.
During a meeting with Governor of the Central Bank of Russia Elvira Nabiullina on Tuesday, the Central Bank of Iran chief Mohammad Reza Farzin emphasized the need to increase banking and monetary exchanges between the two countries.
Farzin, meantime, said that strengthening and accelerating the development of brokerage relations between commercial banks of Iran and Russia tops the two major banks' agenda.
Referring to the vast commercial capacities and potentials that Iran and Russia have, Farzin further emphasized increasing the banking infrastructure cooperation between the two countries.
Referring to the potential of the Asian Clearing Union (ACU) member states, Farzin invited Russia to participate in the 51st edition of the ACU summit which started on Tuesday in Tehran.
Nabiullina, for her part, stressed the strengthening of monetary and banking exchanges and the maximum use of the banking infrastructure of the two countries in order to develop trade and economic cooperation.
She also stated that "the exchange of technical and specialized teams of the central banks of the two countries with the aim of developing and deepening monetary and banking relations are considered important in this regard, which has already been done".
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