EghtesadOnline: Commercial transactions in national currencies between Russia and Iran exceeded 50% in 2019, Moscow's commercial representative in Tehran, Rustam Zhiganshin, said.
EghtesadOnline: After Iran, Russia and Turkey, three regional allies hit by US sanctions, discussed a possible replacement of the US dollar by national currencies last week, business figures in Iran are now weighing in on the degree the plan can be implemented with success.
EghtesadOnline: Turkish President Recep Tayyip Erdogan announced Ankara’s readiness to refuse dollars and euros in the country’s trade with partners, including Iran.
EghtesadOnline: The commercial banks of Russia and Iran have agreed to pay for bilateral supplies of products in national currencies, the Central Bank of Russia said in a statement on Friday.