Iran, Turkey working on plan to use national currencies in trade — report

The agreement will ease the implementation of the preferential trade deal signed between Iran and Turkey last year

TEHRAN, January 25. /TASS/. Tehran and Ankara are “working on a plan” to use their national currencies in bilateral trade exchanges, the Fars news agency reported on Sunday citing Iran’s Ambassador to Turkey Alireza Bigdeli.

“Trade and economic exchanges are expected to be considerably facilitated once this Iran-Turkey monetary contract comes into effect,” Bigdeli wrote on his webpage on Sunday.

Iran’s Central Bank on Saturday said it has decided to stop using US dollar in settlements with foreign countries. The Islamic Republic will use other currencies, including the Russian ruble, yuan, euro, Turkish lira and South Korean won.

Full article: Iran, Turkey working on plan to use national currencies in trade — report (ITAR-TASS)

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