(MENAFN) The central banks of Iran and Russia have inked a memorandum of understanding (MOU) to link their banking messaging systems to facilitate economic and banking exchanges despite the U.S. restrictions, an official with the Central Bank of Iran (CBI) stated on Sunday.
"The memorandum of understanding on connecting the financial messengers of Iran and Russia was signed, and financial and banking exchanges between the banks of the two countries and 106 banks other than Russian banks in 13 other countries are facilitated," Mohsen Karimi, deputy CBI governor for international affairs, declared at the inking ceremony of the MOU in Tehran.
"Over the past year, the document of joint actions between Iran and Russia was signed by both sides and this MOU was the first action that was implemented," he added, saying "From now on, the financial messengers of all Iranian banks and all Russian banks are linked to each other."
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