Russia, Turkey & Iran speeding up efforts to drop US dollar from trade – official

Monday, September 10, 2018
By Paul Martin

RT.com
10 Sep, 2018

In response to US sanctions, Russia, Turkey and Iran are negotiating the reduction of the US dollar’s share in mutual trade, Tehran Times daily quotes the country’s central bank governor as saying.

Eliminating the greenback in mutual trade was most recently discussed by the three countries last weekend in Tehran during the trilateral summit of the Syrian ceasefire, said Iranian Central Bank Governor Abdolnaser Hemmati as quoted by the media.

“We have decided to proceed with further work in light of the agreements reached at a meeting with the Russian Central Bank governor in Moscow,” Hemmati was quoted as saying. According to Hemmati, the topics discussed also included oil and gas prices, expansion of banking ties and strengthening of economic relations.

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan and their delegations visited Tehran last week for a trilateral summit on Syria and also to discuss expansion of ties.

Earlier, Erdogan described the Turkish lira’s recent plunge to a record low as a “currency plot” and announced his readiness to get rid of the dollar in the country’s trade with its partners.

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