• Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Feature
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. Asia MENA
  4. Iran, Indonesia to use national currencies in trade
Asia

Iran, Indonesia to use national currencies in trade

  • By Al Mayadeen English
  • Source: Agencies
  • 23 May 17:48
  • 1 Shares

Earlier this morning, Iranian authorities announced on Telegram that Iran and Indonesia signed 11 documents pertaining to cooperation in various fields.

  • Iranian President Ebrahim Raisi and Indonesian President Joko Widodo walk upon their meeting at the Presidential Palace in Bogor, Indonesia, May 23, 2023. (Reuters)
    Iranian President Ebrahim Raisi and Indonesian President Joko Widodo walk upon their meeting at the Presidential Palace in Bogor, Indonesia, May 23, 2023 (Reuters)

Iranian President Ebrahim Raisi said on Tuesday that Tehran and Jakarta have agreed to make additional steps towards stronger economic and financial cooperation through the use of national currencies in mutual trade and financial transactions.

"The target set for the development of trade and economic relations between the two countries … is $20 billion. If we do not describe the sum in [US] dollars, we should say that [we mean] an equivalent of this sum in [Indonesian] rupiahs and [Iranian] rials, which are the national currencies of the two countries. And we have decided to cooperate with this country and other countries using our national currencies," Raisi said at a meeting with his Indonesian counterpart Joko Widodo, as quoted by the Tasnim news agency.  

Read more: Indonesia launches national payment system to replace VISA, MasterCard

Earlier this morning, Iranian authorities announced on Telegram that Iran and Indonesia signed 11 documents pertaining to cooperation in various fields, including the preferential trade agreement (PTA) which would enable exchanges to occur through the use of national currencies as well as other documents relating to visa-free travel, cultural exchanges, pharmaceutical production, and joint energy and science projects. 

Presiden Joko Widodo dan Presiden Republik Islam Iran, Seyyed Ebrahim Raisi, membahas situasi geopolitik dunia dan menyepakati sejumlah kerja sama dalam pertemuan bilateral keduanya di Istana Kepresidenan Bogor, Provinsi Jawa Barat, Selasa, 23 Mei 2023. pic.twitter.com/Iuv2dNVjUD

— Mega Kumalasarie (@megakumalasarie) May 23, 2023

The Iranian President landed in Indonesia on May 23 upon Widodo's invitation. 

Iranian Foreign Minister Hossein Amirabdollahian said the visit is a landmark moment in the history of the two countries' relationship. 

Read more: Iran-China trade turnout exceeds $5bln in Q1
 

  • de-dollarization
  • Indonesia
  • Iran

Trending Now

All
sd

Two Iranian banks to launch presence in Russia: Iran's Central Bank

Most Read

Haaretz

Mossad agent killed in Italy part of anti-Iran mission: Israeli media

  • Europe
  • 3 Jun
In this image released by the Italian firefighters, a helicopter searches for missing passengers after a tourist boat capsized in a storm on Italy's Lago Maggiore in the northern Lombardy region, May 28, 2023 (AP)

Top Israeli intelligence official dead in Italy: Israeli media

  • Europe
  • 29 May
US linguist Noam Chomsky, who was among 550 academics who signed the petition calling on Glasgow University to respect free speech (AFP)

Chomsky: EU will deindustrialize if it abides by US-run world order

  • Europe
  • 31 May
Singer Adele performs during the Oscars at the Dolby Theatre on Sunday Feb. 24, 2013, in Los Angeles. (AP)

Calls for Adele to cancel her 'Israel' concert

  • Palestine
  • 31 May

Read this

All
During the call, Blumenthal directed Aun to a declassified document in which William Casey, CIA director during the Reagan era, proposed the US created a government-funded “National Endowment.”
Politics

Grayzone: NED VP escapes questioning on links to US intelligence

  • Today
A photo taken from a video published by Hailey Lujan. (Social Media)
US & Canada

Desperate US military using e-girls to recruit Gen Z into service

  • Today
Brazil
Latin America

Brazilian feds formally charge 2 more in murder of Philips and Pereira

  • Today
A man cycles past graffiti on in the Tower Hamlets neighborhood in London, Friday, July 22, 2022. (AP)
Europe

UK youngsters face increasing exploitation risk as poverty increases

  • Today
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS