Russia, Pakistan CB Chiefs Meet Farzin

Central bank chiefs of Iran and Russia met Tuesday in Tehran and exchanged views on building banking and financial cooperation and expanding the use of national currencies in bilateral and possibly multilateral trade. 
According to the Central Bank of Iran website, Mohammad Reza Farzin stressed the need and significance off prompting effective banking and monetary ties. "Establishment of correspondent relations between the banks of the two countries is on the CBI agenda," Farzin told the visiting Russian banker.  
He noted the potential for two-way trade and called for creating the proper conditions for increasing cooperation between the two sides.