Iranian Ambassador: Russia and Iran will promote the use of national currencies in trade

13.02.2023, Moscow.

Russia and Iran decided to reduce the use of the US dollar as a currency in trade deals between the countries, Kazem Jalali, the Ambassador of the Islamic Republic of Iran to Russia, said during a press conference on February 13.

According to the Iranian ambassador, Moscow and Tehran should increase the use of national currencies.

“The Central Bank of Iran in 2022 put the ruble as a convertible currency at the auction, today it is an acceptable currency in Iran. 60% of our trade is conducted with the rial and the ruble, this is the de-dollarization, but we need to make the dollar even less effective,” Jalali said.

According to Jalali, Tehran is promoting the idea of connecting its payment systems with Russian ones to replace the SWIFT system. The Iranian diplomat said payments in national currencies need to be integrated more deeply into different unions. For example, the ruble could be used as the main currency of the Eurasian Economic Union.

“We can use national currencies to level out the role of the dollar in our trade transactions,” Jalali said.

Source: Rossa Primavera News Agency

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