Turkey, Russia, Iran agreed in using ‘local currencies for trade’

Turkey, Russia and Iran have agreed to use their local currencies for trade between the three countries, according to Central Bank of Iran Governor Abdolnaser Hemati on Sept. 7.

Hemati told press members that a meeting with the administrators of the Turkish and Russian Central Banks is expected in the near future and he hopes the agreed topics will rapidly come into effect. He said they had agreed to trade petroleum, gas and fundamental products, and also agreed on some banking issues.

The three countries agreed the United States dollar should not be used for trade, Hemati said. He added that transactions would be made over designated currency exchange rates.

More: http://www.hurriyetdailynews.com/turkey-russia-iran-to-use-local-currencies-for-trade-136631

5a9a5b70d3806c10f050a745

 

Gallery | This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s