The Governor of Central Bank of Iran Ali Salehabadi says launching the rial-rubble exchange platform at the regulated forex market should help boost Russo-Iran trade.
At a ceremony on Tuesday, the CBI unveiled a trading ticker for the rial-ruble pair in the regulated market, the CBI public relations website said.
The regulated market is a spot market dealing in wholesale currency banknotes. Trade is handled by authorized exchange shops and agent banks are brokers. The CBI as the regulator oversees the trade.
July 20, 2022 10:27
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Rial-Ruble Exchange Mechanism Can Promote Bilateral Trade: CBI
Salehabadi described the development as a significant step in removing the US dollar in foreign trade, which he said has effectively emerged as “a political tool and an agent of hegemony”
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