Young Journalists Club | Latest news of Iran and world

News ID: 6211
Iran » Iran
Publish Date: 18:46 - 03 February 2015
Tehran, YJC. Iranian ambassador to Moscow has stated the exchange of currency between Tehran and Moscow is now possible thanks to the cooperation of two banks.

"Through a partnership between Bank Melli Currency Exchange and Mir Business Bank, the two countries resumed their currency exchange,” Iran’s Ambassador to Russia Mehdi Sanaei said speaking at a meeting with a trade delegation to Russia held in Iran’s embassy in Moscow.

Tradesmen can now do their money exchanges through the channel provided by the agreement made between the two banks, the diplomat added.

The official had earlier said that Tehran and Moscow are planning to create a joint Iran-Russia bank in a bid to facilitate bilateral trade using national currencies of the two countries.

The plans came after the two countries decided last year to strengthen their trade ties in 2015 by simplifying the exchange of their national currencies.

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