0602 GMT August 26, 2019
The announcement came in a meeting between Managing Director of Bank Melli Iran Mohammadreza Hosseinzadeh and Deputy Governor of Russia's central bank Dmitry Eskobelkin, IRNA reported.
Hosseinzadeh said that Bank Melli Iran and Russia's Mir-Business Bank are fully prepared to support economic activists of the two countries.
"Mir-Business Bank has a strategic role in establishing interaction between the two countries' banking systems and it is governed by Russia's rules and regulations. It has managed to provide businessmen with good banking services," the official said.
In late December, Russian Energy Minister Alexander Novak in an address to Iran-Russia Trade Conference said that the two countries' central banks had created better conditions than the past and the cash was transferred in a suitable way.
"10 major banks have resumed activities in Iran and Russia and a follow-up team has been commissioned to improve the conditions," Novak added.