Governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin held talks with the Bank of Russia Governor Elvira Nabiullina in Moscow on Wednesday to discuss mutual ties in the banking and monetary fields.
During a meeting, the two top bankers emphasized boosting cooperation within the framework of the recently inked Free Trade Agreement (FTA) between Iran and the Eurasian Economic Union (EAEU) in St. Petersburg on Monday.
A new chapter of banking and monetary cooperation started between Iran and Russia following the operationalization of the monetary and banking platforms.
In addition to finalizing the agreement on taking advantage of the national currencies in bilateral trade exchanges instead of the US dollar, the governor of the Central Bank of Iran raised proposals in the field of operation of the capacities of the BRICS group of emerging economies.
The governor of the Central Bank of Russia welcomed the suggestion of his Iranian counterpart, ISNA reported.