Iran central bank chief heads to Moscow for expanding monetary cooperation

“Iran central bank chief heads to Moscow for expanding monetary cooperation An Iranian delegation led by Central Bank Governor Abdolnaser Hemmati has travelled to Moscow for talks on "monetary and banking relations between Iran and Russia", according to Iran's semiofficial Fars News Agency. The visit is expected to focus on ways to "facilitate monetary exchanges", strengthen cooperation between the two countries' central banks and develop new mechanisms to expand overall economic ties. Russia remains one of Iran's closest allies as Tehran continues to face Western sanctions. According to Fars, the discussions come as Iran and the United States prepare to sign a memorandum of understanding on Friday, with further negotiations on sanctions relief expected in the coming months. Iran’s former finance minister Abdolnaser Hemmati walks to the podium during impeachment proceedings in parliament in Tehran, 2 March 2025 (Atta Kenare/AFP)

Summary generated from the RSS feed of Middle East Eye. All article rights belong to the original publisher. Click through to read the full piece on www.middleeasteye.net.