Russia and Iran have officially stopped using the US dollar for trade between their countries, switching entirely to their own national currencies—the Russian ruble and the Iranian rial. This major shift, confirmed by Mohammad-Reza Farzin, the Governor of the Central Bank of Iran (CBI), marks a bold move to sidestep US-led sanctions and strengthen their economic ties.

A Plan to Counter "Unjust Sanctions"

Speaking at the 11th Conference on Modern Banking and Payment Systems in Tehran, ...