Iran-Russia Payment Integration by Dec. 10

Financial Tribune – After several delays, the much-anticipated plan to integrate the payment systems of Iran and Russia will be implemented by Dec. 10, the governor of the Central Bank of Iran announced.

Valiollah Seif, who was speaking in a late-night news program on state television, said the country is also negotiating similar deals to integrate the country’s payment system with neighboring Azerbaijan and Arab Persian Gulf states.

 “After the integration of the two payment systems, the citizens of Russia and Iran can use their bank cards in each other’s countries,” he added.

The integration was first announced by the central bank in mid-May and the policymaker had said the integration plan will be implemented by late August. The implementation date was later postponed to November and later to December.

Seif outlined the measures and achievements of the central bank in the first 100 days of the second term of President Hassan Rouhani, which began in August.

Date : Monday 4 Desember 2017 / Subject : Economic News - International News / Source : Financial Tribune