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
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
Russia’s Mir payment system is contributing to the emerging global finance network, as Venezuela’s President Nicolas Maduro announced the introduction of Russia’s Mir bank cards in the country. Venezuela, with the introduction of Russia’s Mir bank cards in the country, is participating in the creation of a financial system of
