WANA (Nov 11) – An advisor to the Governor of Iran’s Central Bank announced that Iran intends to apply the model of connecting Russia’s “Mir” banking network to Iran’s “Shetab” network for other regional countries, such as Iraq and Turkey.

 

Speaking to reporters, he stated: “Given the extensive social interactions with countries like Iraq, Afghanistan, and Turkey, we aim to utilize the model of linking banking networks to facilitate financial transactions among citizens.” Karimi emphasized that Iran’s Shetab network operates based on international standards, enabling real-time currency conversion between the rial and ruble. This network has gained the trust of neighboring countries for financial exchanges.

 

Today, November 11, Russia’s banking network, known as “Mir,” was officially connected to Iran’s “Shetab” network. The event took place in the presence of Mohammad Reza Farzin, the Governor of Iran’s Central Bank.

 

From now on, Iranians in Russia can use their bank cards for ruble withdrawals and ATMs. In later stages of this collaboration, Russians will also be able to use their bank cards in Iran, and Iranians can shop in Russian stores.

 

This banking agreement represents an important step in expanding economic relations between Iran and Russia and improving financial interactions between citizens of the two countries. It also paves the way for implementing this model in other countries in the region.