Iran, Turkey to Discuss National Currency Use in Bilateral Trade

Date: 15 September 2019 - 22:15

News ID: ۷۰۴۹۰

TEHRAN (Dispatches) - Secretary of the Joint Iran-Turkey Economic Commission Bahman Hosseinpour has said that Iranian and Turkish banks are working on a plan to establish a financial channel between the two countries based on national currencies, in a bid to evade U.S. sanctions against Tehran,.
Talks are underway with Turkish banks to do transactions using national currencies, Hosseinpour said, noting that Iran is currently experiencing the toughest sanctions in the history which is a major problem in the way of mutual cooperation.
Iran and Turkey are planning to define new areas of cooperation in the upcoming 27th Joint Iran-Turkey Economic Commission in Ankara next week, he added.