Iran and Russia on Thursday signed a memorandum of understanding to boost bilateral banking and financial cooperation.


The Vice Governor of Central Bank of Iran (CBI) Gholamali Kamyab and Vice Governor of Central Bank of Russian Federation Dmitry Skoblekin signed the cooperation document on the sidelines of a meeting between Iran-Russia banking and financial taskforce held in Tehran.

Based on the cooperation document, the two sides have agreed to fight money laundering and financial support of terrorism.

The memorandum of understanding will also facilitate execution of the Bilateral Currency Swap agreements reached between the two countries