Young Journalists Club | Latest news of Iran and world

News ID: 5638
Iran » Iran
Publish Date: 13:40 - 02 December 2014
Tehran, YJC. Iran's Central Bank has conducted talks with a Russian bank to work in cooperation to facilitate trade from Russia.
Mehr News Agency reports that the Deputy Minister of Industry Mojtaba Khosrotaj speaking at a meeting of the board of representative of the Tehran Trade Chamber on Tuesday pointed to the depreciation of the Russian currency and said "Today one dollar is equal to 46 rubles. It shows that the Russian national currency has undergone 30 to 40 percent depreciation. This is going to complicate things for Iran's exports as well.”

"In the current situations we are experiencing credit being withdrawn from Russia, which has not become conspicuous only for the country’s powerful economy in oil and gas.”

Pointing to the reduction in oil prices as a threat to the Russian economy he added "In such circumstances Iran has to try to use the opportunities that exist in Russia. The government is obliged to prepare the grounds. The first issue in conducting trade with Russia was banking issues.”

"Today Mir Business Bank as an Iranian bank takes care of the concerns of Iranian exporters.”

He added "Any exporter that works with Russia official can receive service from the bank and no problem is going to arise.”

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