87529
Iran has been actively looking for ways to drop the dollar in its international trasactions.
Iran has been actively looking for ways to drop the dollar in its international trasactions.
Saturday, June 02, 2018

Iran, Russia Dealing in Local Currencies, Euro

Since Russians are also in thrall to US and European sanctions, their banks are dealing with Iranian banks with greater flexibility
The way forward is to increase trade with Europe since this would encourage their banks to work with Iran
Saturday, June 02, 2018

Iran, Russia Dealing in Local Currencies, Euro

Iran and Russia are currently conducting bilateral trade in their local currencies, rial and ruble respectively, as well as euro, a former official of Iran-Russia Chamber of Commerce said.
"Trade with Russia is conducted in rial and ruble, but since both Russia and Iran are among exporters of crude oil, oil products and heavy industrial products and these goods are priced in dollars, both countries are under the influence of dollar," Qadir Qiafeh, the former vice chairman of Iran-Russia Chamber of Commerce, told Fars News Agency. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/bK6JTt
06/02/2018
  1. https://goo.gl/kmbeQg
  • https://goo.gl/J3sCsz
  • https://goo.gl/q13YWk
  • https://goo.gl/KrBtU8
  • https://goo.gl/5B8oTF

You can also read ...

Economic War on Iran Is War on Eurasia Integration
Hysteria reigned supreme after the first round of US sanctions...
Emirati Paper: Baghdad Expected to Maintain Strong Economic Ties With Tehran
Iraq’s ties with Iran are likely to grow stronger as a result...
 New ATR Planes Join Iran Air Fleet
The ATR 72-600 planes recently delivered to Iran Air have...
German Rail Operator, Deutsche Telekom End Iran Projects
German rail operator Deutsche Bahn and Deutsche Telekom are...
Australian Teen Hacked Apple’s Computer Network
An Australian teenager has pleaded guilty to hacking into the...
Decline in Forex  Rates Expected
While the foreign exchange rates are still considered bullish...
NZ Exporters Wary of Rising  US-Iran Trade Tensions
New Zealand exporters are looking to worsening US-Iran...
ICT Minister Sees Bright Future for Local Startups
Unperturbed by the current economic volatility that Iran is...

Add new comment

Trending

Googleplus