Russia, Iran carry out 80% of trade in national currenciesRussia and Iran conduct about 80% of settlements in their national currencies – rubles and rials respectively, said Russia’s Deputy Prime Minister Alexander Novak.
The countries are further considering the possibility of settlements in other currencies, particularly in the Chinese yuan, the official added.
The share of the euro and the dollar in bilateral trade between Russia and Iran is less than 20%, as there was a purposeful work to switch to national currencies, according to Novak.
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