Iran and Russia connect payments systems, governor says
Move comes after central Asian banks and payments systems have cut ties to Mir
Russia and Iran have connected their payment systems, allowing the US-sanctioned nations use of their currencies for commercial transactions.
Central Bank of the Islamic Republic of Iran governor Mohammad Reza Farzin announced on July 6 that Russia’s Mir payments network was now linked to Iran’s Shetab system. The agreement was finalised at a meeting with Bank of Russia governor Elvira Nabiullina in Saint Petersburg on July 4, the Iranian governor said.
Iranians will be able to use their Shetab
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Payments
Bank Indonesia completes wholesale CBDC proof of concept
Experiments show two DLT-based platforms are capable of serving as a ledger
RBA official: industry needs ‘common vision’ for fast payments
Assistant governor says transaction costs and end users’ requirements need to be addressed
BSP completes wholesale CBDC proof-of-concept tests
Central bank names off-hours interbank payments as potential use case
Norway joins Target instant payments system
Country becomes first non-EU member to settle payments in Tips
Sweden should modernise retail payments – Riksbank study
Clearing infrastructure needs update and card settlement warrants reform, researchers say
Central Bank of Ireland launches scam awareness campaign
Investment, loan and phishing fraud remain most common
RBA to run trials on tokenised asset settlement
Bank invites industry proposals on ways of settling transactions using digital money
Central bankers weigh up prospects for Project Nexus
Policy-makers from Asean states, India and EU discuss goals for multilateral cross-border payments link