Iran and Russia connect payments systems, governor says

Move comes after central Asian banks and payments systems have cut ties to Mir

Iran and Russia flags

Russia and Iran have connected their payment systems, allowing the US-sanctioned nations use of their currencies for commercial transactions.

Central Bank of the Islamic Republic of Iran governor Mohammad Reza Farzin announced on July 6 that Russia’s Mir payments network was now linked to Iran’s Shetab system. The agreement was finalised at a meeting with Bank of Russia governor Elvira Nabiullina in Saint Petersburg on July 4, the Iranian governor said.

Iranians will be able to use their Shetab

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