The entry of Rial into the commercial exchanges of Iran and Russia; Let’s bypass sanctions together!

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The entry of the Rial into the commercial exchanges of Iran and Russia can be a sign of the efforts of the two countries to deal with the heavy international sanctions that have faced problems in both economies.

One of the representatives of the Duma of Russia today, in a press conference on the topic of holding the first international summit of digital currency associations, in response to a reporter’s question about the possibility of using Riyal for business exchanges between Iran and Russia, said that such an idea could be very attractive.

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The entry of the Rial into the commercial exchanges of Iran and Russia

This representative of the Russian parliament said about the trade exchanges between Iran and Russia using cryptocurrencies:

In Russia, we are intensively launching the ruble currency, and we plan to operate with the ruble currency, and also, exchanges based on the Riyal currency are attractive.

Alexander Brazhnikov, who is also the head of the Russian Blockchain Association, said that many Iranian banks are currently active in Russia and based on the information obtained; It is possible to use Riyal for Russia.

The entry of Rial into the commercial exchanges of Iran and Russia;  Let's bypass sanctions together!

Stating that the field of cooperation between Iran and Russia in the field of cryptocurrencies has been provided, he stated that security and trust are very important issues in this field. He added:

Both countries should be able to have complete trust to do this and make sure that exchanges with cryptocurrencies do not harm the countries.

The head of the Russian Blockchain Association also said that the meetings about cooperation with Iran in the field of cryptocurrencies started before the spread of the Corona virus, and the reason why the negotiations resumed today is not the special conditions of Russia as a result of the war with Ukraine, but because of the Corona virus. .

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