National currencies are being used in more than 96% of mutual payments between Russia and Iran, the Kremlin’s press service said on the verge of the meeting between presidents of the two countries to be held on the sidelines of the BRICS …
Tehran has begun work on de-dollarization of trade within the BRICS and will continue strengthening it, the country’s Foreign Ministry reported.
A currency agreement between the Russian Federation and the Islamic Republic may be signed soon. The head of the Iranian Central Bank announced the approximate dates.
Iran's Central Bank governor Mohammad-Reza Farzin, has confirmed that the Islamic Republic’s released funds totaling some $6 …
Iran plans to move away from the dollar in transactions with Russia, Iran’s First Vice President Mohammad Mokhber said. When …
Moscow and Tehran may soon start making settlements in yuan
Russia and Iran may start using stablecoins to settle cross-border trade deals. The issue was discussed during a recent visit by a State Duma delegation led by speaker Vyacheslav Volodin to Tehran, chairman of the State Duma Committee on …
Iran’s currency dropped to its lowest value ever against the dollar, and has seen its value fall by 30% since June amid severe U.S. sanctions imposed on Tehran. Money exchange shops traded the Iranian rial 262,000 for a dollar. …
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 …
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 …
The nation's currency to be re-named and re-valued
Iran’s Central Bank has proposed slashing four zeros from its battered currency. “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday and I hope this matter …
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 …
The restoration of sanctions on the oil industry next month could spark another exodus from the rial
The countries agreed to use local currencies in trade
Iran currency extends record decline as US sanctions approach
Turkey and Iran have reached an agreement on the exchange of Turkish lira with Iranian rial in banking transactions, Iran’s Deputy Minister of Industry, Mine and Trade Sadeq Najafi said. Speaking on the …
Tehran will start reporting foreign currency amounts in euros rather than US dollars, state media said as part of the country's effort to reduce its reliance on the US currency due to political tension with Washington. The new …
The administration of Iran's President Hassan Rouhani approved a bill to switch Iran's national currency from rial to toman, the secretary of the Cabinet Mohsen Haji Mirzaei said. According to …
Today $1 costs 100 thousand Iranian rials, that is an all-time-low rate against dollar. Although several reasons for the slide have been put forward by economists – amongst them the strength of the dollar against other currencies in the …
