Head of the Bank of Russia Elvira Nabiullina is due to visit Iran, ambassador of the Islamic Republic in Moscow, Kazem Jalali said on Wednesday.
"The chairman of Bank of Russia is expected to Iran soon," Jalali said in a video interview at the press center of the Parlamentskaya gazeta newspaper, TASS reported.
The central banks of Iran and Russia signed a deal in late January to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions.
Per the deal, 52 branches of Iranian banks and four unnamed foreign banks will use Iran's local interbank telecom system, known as SEPAM, to connect with 106 banks using Russia's System for Transfer of Financial Messages or SPFS, the website of the Central Bank of Iran said.
Iran's Shahr Bank and Russia's VTB Bank will be involved in the related pilot program and other lenders will join gradually.
The agreement was signed at CBI by the deputy head for international affairs, Mohsen Karimi, and Vladislav Gridchin, on behalf of Russia’s central bank.