Iran urges to use national currencies in trade ties with Brazil

TEHRAN, April 11 (Xinhua) -- Iranian Foreign Minister Mohammad Javad Zarif urged to use national currencies in trade ties with Brazil, Tehran Times daily reported on Wednesday.

Iran and Brazil should use their own national currencies in economic interaction, cooperate in oil industry and implement projects in the areas of nano-technology, biotechnology and aerospace, Zairf was quoted as saying.

The impediments to banking relations between the two countries should also be removed, Zarif said in a meeting with the Brazilian President Michel Temer in Brasilia.

Tehran welcomes Brazil's investment in Iran's gas and oil industry, he said, calling further for political dialogue and consultations between the two countries.

President Temer said that Brazil is interested in expanding relations with Iran and called for exchange of delegations between the two countries. He called for expansion of cooperation in oil industry. Enditem