Iran, Russia use their own currencies for trade for the first time

2022-8-25 09:02

Iran’s state-run news agency IRNA reported on August 24 that Iran’s Ambassador to the Russian Federation has announced exchange of rial and ruble between Iran and Russia for the first in history to trade.

The currencies were reportedly handled by the Russian Central Bank’s Mir system. Russia set up Mir in 2014 in response to sanctions over the conflict with Ukraine. .

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