Tehran (IP) - The Head of the Iranian Parliament's Economic Commission Mohammadreza Pourebrahimi noted Tehran is seeking to use common currencies and monetary agreements to neutralize the US sanctions on the Iranian banks.

Iran PressIran News: Referring to the US' imposition of sanctions on 18 Iranian banks, Pourebrahimi said that with Iran taking new steps in relations with China and Russia, and moving toward common currencies, monetary agreements, and new methods of transfer, the US does still not succeed in imposing sanctions on Iranian banks.

Pourebrahimi stated that last year (2019), the Iranian banking system exchanged about $80 billion of the country's trade balance at the peak of the US sanctions. 

He noted that Iran has expert and new logical methods for banking trades.

In a report to the current US government, the designer of anti-Iranian sanctions in the United States officially announced that the new sanctions have allowed Iran to have a new way of dealing with the sanctions and to be able to solve its problems when working with the world banking system.

The US Treasury Department sanctioned 18 Iranian banks on Thursday. 


Read More:

Namaki: Illegal sanctions in face of pandemic are sign of genocide

Iranians have won in face of US sanctions: President

Last week was US Governance Madness Week: Iran's judiciary chief