Tehran Stock Exchange launches trading in Iranian rial/Russian ruble
ISTANBUL (AA) – Iran’s Tehran Stock Exchange on Tuesday launched trading in Iranian rial/Russian ruble.
Some 2 million rubles traded in the Iranian stock market on Tuesday – with a ratio of 5,390 rials per ruble, Iran’s state-run news agency IRNA reported.
The rial/ruble transactions began in the wake of Russian President Vladimir Putin’s official visit to Iran.
Iranian Central Bank Governor Ali Saleh Abadi said the trade with domestic currencies in the foreign exchange market will further strengthen economic relations with Russia.
The move may cut the role of other foreign currencies such as US dollar and euro in the Iranian market, he added.
Have Your Say!
Have you been affected by the issues raised in this story? Please share your experiences by emailing haveyoursay@soundvision.com.
Please include a contact number if you are willing to speak to a Muslim Network TV’s representative. You can also get in touch in the following ways:
Tweet: @MuslimNetworkTV
We must take charge of our narrative. Research indicates that 92% of their Muslim coverage is negative. Help us change that.
