Tag Archives: Russia To Create ‘Joint Bank’ For Trade In National Currencies – Ambassador

Iran, Russia To Create ‘Joint Bank’ For Trade In National Currencies – Ambassador – 28 January 2015

RT logoIran and Russia are planning to switch their bilateral trade to national currencies for which the states will create a joint bank or a mutual account, Iran’s ambassador to Russia, Mehdi Sanaei, has announced.

“Both sides plan to create a joint bank, or joint account, so that payments may be made in rubles and rials and there is an agreement to create a working group [for this],” Ambassador Sanaei told Sputnik on Tuesday.

“In order to do this, meetings need to be held between the deputy heads of the Central Banks of Russia and Iran,” Sanaei said. “I hope this visit will happen soon.”

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