Russia and Iran to replace dollar with rial, ruble in trade

Russia and Iran to replace dollar with rial, ruble in trade

The heads of the central banks of Russia and Iran agreed to abandon the dollar in mutual settlements: soon in all settlements between the countries will be used national currencies - the ruble and the rial, Chief of the Economic Commission of Iran's Parliament Mohammadreza Pour-Ebrahimi said today.

The head of the economic commission of the Iranian parliament recalled that the trade volume between Iran and Russia was $2 billion, now this figure has exceeded $4 billion in the past 9 months, the trade volume between Iran and Russia may increase by 50% in a short period of time.

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