International Joint Banks of Iran, 5th Bi-Monthly N & A (January 29, 2015) According to wantchinatimes.com on January 28, 2015:
Iran and Russia are mulling a joint bank to settle their mutual trade payments, said Iran’s ambassador Tuesday on Press TV.
“Both sides plan to create a mutual bank or a mutual account to make payments in (Iranian) rials and (Russian) rubles,” ambassador Mehdi Sanaei said.
Sanaei’s remarks came two days after Gholamali Kamyab, the deputy governor of the Central Bank of Iran (CBI), announced Iran’s plans to sign “bilateral monetary treaties” with some countries.
Iran is not using the dollar “in its transactions with different countries,” Gholamali Kamyab said, adding that “Iran is using other currencies like China’s renminbi, Turkey’s lira, Russia’s ruble and South Korea’s won in its trade transactions with the countries.”