TEHRAN, Iran, August 31. The Central Bank of Iran is negotiating to join the Mir payment system for financial transfer, said the chairman of Iran and Russia Joint Chamber of Commerce Hadi Tizhoush Taban, Trend reports citing ILNA.
The first stage of cooperation is to have financial transactions between Iran and Russia via Mir he said adding that it is possible that Iran could transfer money with other member countries via this system in the next steps.
Mir is a Russian card payment system for electronic fund transfers that is used in ten countries.
He underlined the Increase in commercial turnover between Iran and Russia in 2022 compared to 2021.
The official has pointed out the recent trilateral agreement between Iran, Russia, and Azerbaijan for accelerating transit will increase trade between the three countries and include digital data exchange.
According to the Federal Customs Service of Russia (FCS), trade turnover between Iran and Russia reached $4.035 billion in 2021 which is an 81.7 percent hike as compared to the previous year.
In this period, the value of Russia’s exports to Iran hit $3.068 billion, recording a 2.2 percent rise while the country’s imports from the Islamic Republic stood at $967.3 million, registering a 21.4 percent growth.