“Iran and Russia have already switched to national currencies in some settlement types they mutually agreed upon,” said Ali Saleh Abadi, Chairman of the Central Bank of Iran. said.
Growth in OECD and G7 economies
“Tehran and Moscow have long sought such a mechanism to replace the US dollar, despite the harsh economic sanctions imposed on both countries,” Abadi said. Iranian and Russian national currencies, the rial and the ruble, are among the priorities on the economic agenda of Iranian President Ebrahim Raisi’s administration.