He made the remarks in the 46th meeting of Tehran Chamber of Commerce, Industries, Mines and Agriculture.
The Central Bank of Iran is studying a proposal for replacement of the US dollar with the Iranian rial and Russian ruble in their reciprocal trade exchanges, Asgar-Oladi added.
He referred to western sanctions against Tehran and Moscow and said that use of national currencies instead of the American dollar in reciprocal trade exchanges can boost the two countries' economic cooperation.
The proposal for the replacement of the US dollar with the Iranian rial and Russian ruble was raised during a meeting between Russia's President Dmitry Medvedev and his Iranian counterpart Mahmoud Ahmadinejad on the sidelines of the 11th meeting of the Shanghai Cooperation Organization (SCO) last June.
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Tehran, Sept 30, IRNA – Iran and Russia plan to replace US dollar with rial and ruble, Head of Iran-Russia Joint Chamber of Commerce Asadollah Asgar-Oladi said on Tuesday.
