Iran wants to increase share of transactions in national currencies with Russia

Iran wants to increase share of transactions in national currencies with Russia

Iran expects to increase the share of transactions in national currencies in trade with Russia, Iranian Central Bank Governor Abdolnaser Hemmati said following his visit to Russia.

According to him, following the meeting with Russian Central Bank Governor Elvira Nabiullina, "a good agreement on removing the dollar and using national currencies in transactions" have been reached. 

"Nearly 30% of transactions between Iran and Russia are made in national currencies. Hopefully [this figure] will grow every day," Sputnik cited Hemmati as saying.

The CBI governor added that new US sanctions will not have a major effect on Iran's financial and oil activity. "The US government has already done what it wanted. The main work related to the imposition of restrictions, what they do every day, is to hinder Iran’s financial activities and the exports of Iranian oil. In my opinion, after November 6-9, nothing special will happen," Hemmati said.

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