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Iran, Russia, Turkey Agree Ditching US Dollar in Mutual Transactions

Saturday 8 September 2018
Iran, Russia, Turkey Agree Ditching US Dollar in Mutual Transactions

Governor of the Central Bank of Iran, Abdolreza Hemmati

Iran, Russia and Turkey have agreed on a number of economic measures like ditching the US dollar in mutual transactions as part of efforts to expand their trade relations amid Washington’s pressure, Governor of the Central Bank of Iran.

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Alwaght- Iran, Russia and Turkey have agreed on a number of economic measures like ditching the US dollar in mutual transactions as part of efforts to expand their trade relations amid Washington’s pressure, Governor of the Central Bank of Iran.  

 The agreement was made on the sidelines of a key trilateral summit on Syria held in Tehran on Friday and attended by Iranian, Russian and Turkish presidents, Abdolreza Hemmati said.

“During the Friday summit, I along with Iranian oil minister held beneficial and constructive meetings with the economic officials of Russia and Turkey with the three presidents in attendance,” he noted.

According to Hemmati, the main topics discussed during the meetings included oil and gas prices, basic commodities sales, expansion of banking ties, conducting financial transactions by the countries’ national currencies instead of the US dollar and strengthening of bilateral economic relations.

Hemmati went on to say that he will follow up on the agreements in a meeting with his Russian counterpart in Moscow in the near future.

The government of Iran had announced plans to circumvent restrictions on accessing the US currency amid tensions with Washington.

 

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Iran Russia Turkey US Sanctions

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