Iran seals memorandum of understanding in banking sector with Russia — Fars | WHAT REALLY HAPPENED

Iran seals memorandum of understanding in banking sector with Russia — Fars

Iran has sealed a memorandum of understanding in the banking sector with Russia, the Fars news agency said on Saturday.

"The memorandum of understanding was signed by the deputy governors of the Iranian and Russian central banks during a visit to Moscow by a high-ranking Iranian banking and financial delegation from March 10 to 12," the agency quotes Iranian Ambassador to Moscow Mehdi Sanayee as saying.

The document envisages the supervision of the central banks of Russia and Iran over financial operations of the two countries’ other banks.

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