Iran Ditches USD In Trade With Russia, Turkey

Iran Ditches USD In Trade With Russia, Turkey

TEHRAN, Sept 26 (NNN-TASNIM) – Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati, announced that, Iran is using national currencies and euro, in bilateral trade with Russia and Turkey.

Hemmati said that, Iran currently does not use U.S. dollar in its trade with Russia and Turkey, and “this trend is gradually removing the U.S. dollar from (Iran’s) trade cycle.”

“Many countries are now willing to trade with their national currencies, so that the United States could not monitor their trade,” he was quoted as saying.

The CBI chief also referred to President Hassan Rouhani’s meeting with his Russian counterpart, on the sidelines of the fifth trilateral summit of Iran, Russia and Turkey in Ankara on Sept 16, and said that, the banking ties between Tehran and Moscow were also discussed at the meeting.

Iran announced that Tehran and Moscow have taken steps to integrate banking payment systems.– NNN-TASNIM

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