The Tehran exchange has launched Iranian rial/Russian ruble trading, the head of Iran's central bank said on Tuesday.
"The launching of trading in the ruble/Iranian rial currency pair is an important step in the development of economic relations between Iran and Russia," Central Bank Governor Ali Saleh Abadi noted.
The announcement comes as Moscow and Tehran have agreed to boost cooperation, particularly when it comes to banking and financial systems. Earlier in the week, Kremlin spokesman Dmitry Peskov indicated that Russia will gradually abandon the US dollar in trading with Iran.
