Mr. Farzin is currently in Moscow accompanying President Pezeshkian on a visit to the Russian Federation, where he announced the connection of Russia’s Mir Card network system with Iran’s SHETAB banking network.
The monetary agreement between Iran and Russia has been implemented, and the national currencies of both countries, namely the ruble and the rial, are used as the basis for settlement based on agreed rates in the commercial foreign exchange market.
Another major administrative project between Iran and Russia is the connection of the MIR and SHETAB card payment networks, the first phase of which has been commissioned, the top Iranian banker added.
In addition, a joint document between the central banks of Iran and Russia has three main points: “Use of national currencies in trade between the two countries” and “Possibility of connecting banks and local messengers between the two countries entitled SEPAM and SPFS.” Conducted on major themes. , and “the possibility of connecting card payment networks between the two countries”.
MA/IRN85722284