Muscat urges rial-based trade with Tehran
According to Omani Foreign Minister Yusuf bin Alawi bin Abdullah cutting reliance on foreign currencies and using Iranian and Omani rial in trade transactions between the two Persian Gulf countries is one of the major requirements to enhance mutual banking and commercial ties, IRNA quoted the official as saying. During his Saturday meeting with the Governor of Central Bank of Iran (CBI) Valiollah Seif in Tehran, the Omani minister said that Iran and Oman have the advantage to play a role in each other’s oil, gas and petrochemical markets ...
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