Jul 27, 2022, 4:09 PM
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News ID: 84835335
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Iran, Russia working towards SWIFT-like payments system

Jul 27, 2022, 4:09 PM
News ID: 84835335
Iran, Russia working towards SWIFT-like payments system

Tehran, IRNA – A senior Iranian foreign ministry official said that Tehran and Moscow were working towards making an interbank payments system like the SWIFT as a countermeasure against Western sanctions.

In an interview with the Russian media Sputnik, Deputy Foreign Minister on Economic Diplomacy Mehdi Safari said that the two countries that seek to de-dollarize the transactions should naturally have a payments system like the SWIFT.

Iranian and Russian sides have presented a proposed system each and the two countries have reached an agreement to implement such a system, Safari noted.

He said that the Russian payment system Mir would soon be launched in Iran.

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