MNA � CBI governor has announced that Iran�s international settlements will be transferred from south Persian Gulf littoral states to Russia and Turkey.


Valiollah Seif made the announcement adding �in a bid to facilitate banking services, balance of Iran�s foreign exchange interactions is being gradually transferred from littoral states of the Persian Gulf to Russia.�

�Due to ease of operation, the task was previously carried out in banks and financial institutions of Persian Gulf littoral states but the settlement venues are now becoming diversified,� he continued.

The official clarified that a portion of the settlements will be done through Turkey and the rest in countries which were previously inactive in this regard.

Seif went on to assert that �as a result of negotiations with Russians, grounds are prepared to transfer a portion of settlement mechanisms to banks of the Eurasian country and the task is gradually being carried out by financial institutions of both parts.�