Iran and Russia have signed a deal to create a joint interbank regulation body.[/caption]Iran and Russia have signed a basic agreement to create a joint regulation body to oversee interbank�financial transactions between the two countries.�
The agreement - that has been signed between the Iranian and Russian central banks - has now taken both countries one step closer toward the establishment of a promised joint bank which is believed to have been specifically designed to help dodge the effects of US-led sanctions on the two countries.
Iran�s Fars news agency has reported that deputy governors of central banks of Iran and Russia signed the agreement during the visit to Moscow by a ranking delegation from the Central Bank of Iran (CBI).
By Press TV
