Sat Oct 25, 2014 5:38
Iran, Russia Plan to Use National Currencies in Bilateral Trade
http://english.farsnews.com/newstext.aspx?nn=13930803001321

TEHRAN (FNA)- A senior Iranian lawmaker announced that Tehran and Moscow
have a plan to replace the US dollar with their national currencies in
bilateral transactions.

"Replacing (the US) dollar with ruble in bilateral and multilateral
transactions between Iran and Russia tops the agenda of the upcoming visit
of an Iranian delegation to Russia," member of Iran-Russia Parliamentary
Friendship Group Hadi Qavami said on Saturday.

Qavami pointed to an upcoming visit of Iran-Russia Parliamentary Friendship
Group to Moscow, and said, "The Russia-Iran parliamentary friendship group
has recently visited Iran and now the visit of the Iranian delegation will
take place at the invitation of the Russian side."

He noted that the Iranian delegation will discuss setting up banks along
Iran-Oman border in a bid to facilitate changing Iran's oil payments to
ruble and rial and to reduce the pressure of sanctions.

In the last several years, Iran and Russia have had vast cooperation in
different fields, specially in political and economic spheres.

The two states also enjoy special positions on the international scene and
have long had constant and regular consultations on key regional and global
issues.