13345
Banking Talks Continue  With Moscow
Economy, Business And Markets

Banking Talks Continue With Moscow

To hold another round of talks with the Central Bank of the Russian Federation, a delegation from the Central Bank of Iran (CBI) travelled to Russia on March 11-12 to finalize monetary agreements.
Tehran and Moscow have been negotiating to find solutions that could help them replace the US dollar with their own currencies in bilateral trade, a move that both nations hope will help minimize consequences of banking sanctions by the United States and European Union.
Among other issues raised during the talks were the ways to expand business cooperation, according to news website Banker.
Russia has already formed a workgroup to put forth viable mechanisms and solutions to banking problems impeding the development of relations between the two countries, the website said, citing Russian officials.
The Iranian delegation was also asked to form a similar workgroup so that future talks could be resumed in Tehran, it added.
"The experience of using a joint account between the two countries has been very constructive as payment processes for bilateral trade have been eased," said Iran's Ambassador to Moscow Mehdi Sanaei.
Further he said that with the assiduous efforts of both sides, mutual economic relations will soon develop extensively.
During the talks, a memorandum of understanding (MoU) was signed with a focus on financial and banking cooperation.
Additionally, Russian banking officials, whose banks were eager to collaborate with Iran, also met with the Iranian delegation. The series of meetings were assessed as "highly productive" by the Iranian party.

 

Short URL : http://goo.gl/BrMP2O

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Trending

Googleplus