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Iran, China Agree to Deal in Local Currencies

Top-level Iranian and Chinese officials confer as part of meetings that led to the signing of four major MoUs in Qingdao.Top-level Iranian and Chinese officials confer as part of meetings that led to the signing of four major MoUs in Qingdao.

During President Hassan Rouhani's visit to China, the two countries signed several agreements to boost trade and financial ties, including an agreement to use their respective currencies. 
Speaking to IRNA on Sunday, Economy Minister Masoud Karbasian, who accompanied President Rouhani during the visit, said one of the agreements had been reached between his ministry and China Infrastructure Development Organization to use the two countries' financial resources for investment and bilateral trade. 
According to Karbasian, as per the agreement...

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