Russia, Iran Sign MoU On Banking Coop
02 Sep 2016

On 1 September 2016, the Islamic Republic of Iran hosted the 4th plenary meeting of the Working Group on Banking and Financial Cooperation of the Permanent Russian-Iranian Commission for Trade and Economic Cooperation.

According to the website of the Central Bank of the Russian Federation, meeting focused on further development of banking cooperation, including the establishment of correspondent relations and opening correspondent accounts between credit institutions of the two countries, development of settlements in national currencies in bilateral trade, as well as collaboration in anti-money laundering and countering the financing of terrorism.

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