The head of the Iranian Central Bank, Mohammad Farzin, announced the conclusion of an agreement on the integration of payment systems between Moscow and Tehran.
The first currency agreement between the countries was signed during a meeting of the heads of the central banks of the two countries at the financial congress of the Bank of Russia on July 4 in St. Petersburg.
He noted that the parties signed a currency agreement to ensure the liquidity of national currencies in commercial transactions.
Thus, according to Farzin, the process of integration of the Russian Mir payment system and the Iranian Shetab has come to an end.
In addition to this, the head of the Central Bank of Iran added that the Iranian Shetab system will be launched in Russia at the end of August.
