Iran and Russia officially ditch dollar – media ...News

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Iran and Russia officially ditch dollar – media
source : Russia Today ( News ) () 94
The sanctioned countries have agreed to trade in their national currencies Iran and Russia have officially abandoned the US dollar for mutual settlements after the countries finalized an agreement to trade in the ruble and the rial, Iranian news agency IRNA reported this week. The agreement was sealed during a meeting in Russia between the heads of the central banks of the two countries, the outlet said. “The establishment of new financial and banking platforms has opened a ‘new chapter’ in relations between Iran and Russia,” IRNA reported, citing the Iranian central bank. The arrangement allows banks and entrepre

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