Iran, Russia to Trade in Local Currencies Instead of US Dollar: State Media

Iran, Russia to Trade in Local Currencies Instead of US Dollar: State Media
National flag flies over the Russian Central Bank headquarters in Moscow, Russia, on May 27, 2022. Maxim Shemetov/Reuters
Reuters
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DUBAI—Iran and Russia have finalized an agreement to trade in their local currencies instead of the U.S dollar, Iran’s state media reported on Wednesday.

The agreement was finalized during a meeting between the governors of the two countries’ central banks in Russia, it said.