Source Pravda.Ru

Russia and Iran a few steps away from switching to national currencies

Iran is ready to switch to national currencies in mutual settlements with Russia, General Director of the International Cooperation Department of the Central Bank of Iran, Hussein Yaqub Miyabi said.

 "We have already proposed this mechanism to the Central Bank of Russia on how to make use of national currencies in mutual settlements between the two countries. They are now studying our proposal, they will give it their assessment, and then, as soon as they agree, we will definitely sign the agreement. It may happen already soon," the Iranian official said.

He also said that Moscow was "looking forward to signing the agreement with Iran," although there are a few details that still require further study.

"Such an agreement will bring good to both sides. It also means lower currency risks," the chief of the Department of the Central Bank of Iran said.

Russia has been in talks with its neighboring states about the use of national currencies in mutual settlements for several years. Since the beginning of 2016, Russia took leading positions in oil imports to China with yuan-nominated settlements.

Pravda.Ru

Read article on the Russian version of Pravda.Ru

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
North Korea is not a threat to the US
North Korea is not a threat to the US
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Capitalism reduced Indonesian cities to infested carcases
Russian politician says Donald Trump extremely dangerous for Russia
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
American Bioweaponry
Capitalism reduced Indonesian cities to infested carcases
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Russia on the eve of another Crimea referendum
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Europeans say what puzzles them in Russia most
Russian man grows abnormally large biceps that he calls bazookas
Science and Technology. Consensus builders for the media instrument