By John Lee.
Iran and Russia agreed on Thursday to set up a joint bank to help facilitate financial transactions between the two countries.
The agreement was announced by the Central Bank of Iran (CBI), following a meeting between the visiting Russian Energy Minister Alexander Novak and CBI Governor Vaiollah Seif [Valiollah Seif] (pictured).
The two also agreed for Iran to join the Eurasian Development Bank, and emphasized that both Iran and Russia need to cooperate on the establishment of a major interbank network.
(Source: PressTV)
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