21 Jul 2022 - 06:52:26
470 Posts

The Iranian foreign exchange marketxo wallethas opened a pairing of the Iranian rial with the Russian ruble after the war caused the ruble to depreciate heavily. US says Russia is at its worst after Putin visits Iran

On July 20, 2022, Russia's RT reported that the Iranian government has placed the Russian ruble on its official list of foreign exchange currencies. It is ready to begin matching trade between the Russian ruble and the Iranian rial.

As of yesterday (July 19) IRNA, media in Iran reported that The first currency exchange between ruble and riel amounted to more than 2 million rubles. It happened as soon as the trade was opened. with an exchange rate of 5,390 Iranian Rials per 1 Russian Ruble

The exchange rate was set before the visit to Tehran. Iran's capital city of Russian President Vladimir Putin and was identified by Iran's central bank governor said it was an important step in improving economic relations between Iran and Russia.

Earlier, Russian authorities had called for a gradual phase out of the US dollar. in financial transactions with Iran

Trade between the two countries grew by around 31% in the first four months of this year. The Russian authorities also added that Russia and Iran are preparing for a new major economic cooperation agreement.

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