Central banks of Iran, Russia in talks to solve money transfer problems
Tehran, Iran, Dec. 30
By Milad Fashtami - Trend:
The Central Bank of Iran is currently negotiating with Central Bank of Russia to facilitate the money transfer process.
Iran's Deputy minister of Industry, Mine, and Trade Valiollah Afkhamirad said that currently Iranian businessmen can receive their money via Iran's Moscow-based Mir Business Bank CJSC, Iran's Tasnim News Agency reported on Dec. 30.
"Mir Business Bank CJSC will open a branch in Russian port city of Astrakhan in the near future," he said.
"However, the money transfer fees of the Mir Business Bank are too high," he noted.
Asgaroladi said on Sept. 30 that the chamber is studying a plan to replace the US dollar with the two country's national currencies - rial and ruble - in bilateral trades.
"A Russian bank is supposed to establish a branch in Tehran, transferring the money to businesspersons at the exchange rate of free market," he explained.
Head of Iran-Russia Joint Chamber of Commerce Assadollah Asgaroladi said on Dec. 16 that Iranian officials expected the country's exports to Russia to be increased by three-fold in just 6 months, but the goal has not been achieved.
"Our exports to Moscow have increased by 20-30 percent in the past six months," he said.
"Bank transfers, as well as transit and visa issues are among the main obstacles for expansion of bilateral trades between the two countries," he said.
Edited by CN