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21.07.22 11:20

Economy

Iran launches trading in Rial-Russian ruble to boost ties with Russia

Iran's exports to Russia will increase following the launch of the trading in the Ruble-Rial currency pair

Iran on Tuesday launched the Iranian Rial-Russian ruble trading in its foreign exchange market, in an important step to boost economic ties with Russia.

Governor of the Central Bank of Iran Ali Salehabadi made the remarks at the ceremony to launch trading in the currency pair in the Iranian capital of Tehran, reported the official news agency IRNA.

Salehabadi stressed that, under the world's present political circumstances using local currencies and signing bilateral and multilateral monetary pacts can be an effective solution to neutralizing major powers' political coercive measures to dominate other countries.

The governor said that Iran's exports to Russia will increase following the launch of the trading in the ruble-rial currency pair.

Russia will gradually abandon the US dollar in its trade with Iran, Kremlin spokesman Dmitry Peskov said, as reported by ANI, a partner of TV BRICS.

Photo: IStock

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Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

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Vladimir Putin

President of the Russian Federation

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India’s External Affairs Minister

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Iran launches trading in Rial-Russian ruble to boost ties with Russia

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