September 25, 2019 15:21
News ID: 7610

(Persia Digest) – The Governor of the Central Bank of Iran (CBI) has said: “Currently, all of Iran's financial transactions with Russia are through the national currency of the two countries, with about 30% to 40% of transactions with Turkey being in the national currency and the rest in Euro.”

Abdolnasser Hemmati told reporters on the sidelines of a cabinet meeting on Wednesday: “We do not currently trade in dollars with Russia and Turkey. If we mention the euro sometimes, we have in fact considered euro as the basis for conversions so that if the national currencies of the two countries fall or rise, the other party will not suffer loss.”

Hemmati said that we trade in rubles with Russia and in Lira with Turkey, adding: “This process will gradually remove the dollar from the trade cycle. Many countries are now interested to trade in their national currency so that the US does not oversee this.”

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Speaking about the re-sanctioning of the CBI, Hemmati said: “The CBI has been re-sanctioned under another heading, which, of course, is propaganda in our view. The facts are that it has created grave difficulties for us in our banking ties; but we have found new ways of dealing with it.”

He reiterated: "We are not seeking to circumvent sanctions; we are now doing business without sanctions.”

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Hemmati reminded: “In future, we will establish business, financial, and banking relations using methods other than those intended by the US.”

The CBI Governor added: “We are not facing any new obstacles. Even if they sanction us four more times, it will have no new effects.”

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