Based on a new initiative, the revenue made from exports to Russia can be transmitted without limits to Iran’s banking system. Gholamreza Panahi, exchange deputy at Bank Melli, said that Bank of Russia’s ‘business desk’ will handle the task. Panahi added that Bank Melli’s branches in charge of foreign exchange operations as well as the bureau de change affiliated with the bank will facilitate money transfer from Russia to Iran, Banker reported.
