S Korea, Iran to keep won-based settlement system (2 February 2016)
South Korea and Iran agreed to maintain the current won-based settlement system while seeking an alternative payment method that can further promote bilateral trade and investment
Following recent talks held in Tehran, the two countries agreed on that issue.
The move comes after the international community lifted its blanket sanctions imposed on Iran early this year (on January 16).
The two sides also discussed ways to use the euro, Chinese yuan and Japanese yen to create another medium for payment and clearance.
Source: IRNA- Date: (2 February 2016)