New phase of Iran’s Shetab linkage to Russia’s Mir unveiled
CBI: Monetary, banking collaboration with neighbors on agenda
The second phase of linking Iran’s Shetab payment system to its Russian counterpart, Mir, was unveiled on Tuesday during a ceremony attended by senior Central Bank officials and diplomats from both countries at the Central Bank of Iran (CBI)’s headquarters in Tehran.
The new phase aligns Iran with global standards by enabling NFC-based mobile payments for Russian citizens’ bank cards in Iran, ISNA reported.
During the unveiling ceremony, CBI Governor Mohammad Reza Farzin said “monetary and banking cooperation with neighboring nations is a priority,” adding that the institution is working to establish new frameworks for regional collaboration. He stressed that the Central Bank’s monetary and banking initiatives operate independently of indirect negotiations between Iran and the United States, which held the 4th round of indirect talks in the Omani capital of Muscat on Sunday, focusing on Iran’s nuclear program and the removal of sanctions against Tehran.
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