The Governor of Iran's Central Bank traveled to Yekaterinburg, Russia, to meet with his Russian counterpart and continue talks on advancing financial and banking cooperation between the two countries.
According to the Central Bank of Iran’s public relations office, Mohammad-Reza Farzin's trip, made at the invitation of Elvira Nabiullina, Governor of the Central Bank of Russia, focuses on furthering the bilateral banking agreements between Iran and Russia.
In January, Iran and Russia implemented a bilateral currency agreement to settle trade using their national currencies, according to Iran's Central Bank.
According to Farzin,Tehran and Moscow are also working to integrate the Russian Mir and Iranian Shetab card payment networks.
It is unclear if the measure was related to an Iranian-Russian comprehensive strategic partnership agreement signed in January by Russian President Vladimir Putin and his Iranian counterpart Masoud Pezeshkian.
