Iranian Central Bank Governor Mohammad Reza Farzin revealed that Iran and Russia have finalized the integration of their payment systems, both targeted by Western sanctions. After meeting with Russian Central Bank officials at the St. Petersburg International Economic Forum, Farzin announced that Russia's Mir payment system will soon be connected to Iran's Shetab system. This move will enable Russian citizens to use their cards in Iran, with plans for Iranians to use their Shetab cards in Russia next.
Russia and Iran have finalized the integration of the Russian Mir payment system and the Iranian Shetab system, and they have inked an agreement to use national currencies for commercial transactions. This was declared by Mohammad Reza Farzin, the head of the Iranian Central Bank.
According to the Islamic Republic's regulator, at a bilateral discussion with the Chairman of the Central Bank of Russia, the prerequisites for connecting the Russian Mir card payment network to the I...
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