13529
New Financial Transit Route With Russia
Economy, Business And Markets

New Financial Transit Route With Russia

An Iranian bank registered in Russia has been announced as a new financial transit route for transactions between Iran and foreign countries, ISNA reported on Tuesday.
Mir Business Bank was named as the bank ready to provide services and facilitate future financial transfers services from Russia to Iran, Tehran’s Ambassador to Russia Mehdi Sanaie announced.
“Based on the decisions made and also based on banking agreements between the two sides, the Moscow-based bank is ready to provide services and facilitate money transfer from Russia to Iran,” he said. The services would be provided under rules of Russian Central Bank, he said, adding that customers can give their cash to the bank and receive its legal equivalent in Tehran.
The measures aim to encourage Iranian exporters and facilitate transfer of cash obtained from exports to Russia and the republics in the Central Asia and Caucasus.
Mir Business Bank is the only Iranian-founded bank operating in Russia. Prior to its establishment, Bank Melli Iran was operating in Moscow.  The new bank is 100 percent owned by the Iranian government and has a central office in Moscow and another on the Caspian Sea city of Astrakhan.

 

 

 

Short URL : http://goo.gl/U3tpC2

You can also read ...

President Rouhani Officially Inaugurates Tabriz 2018
A glittering ceremony attended by President Hassan Rouhani was...
E-Jing GT electric sports car concept
The Beijing International Automotive Exhibition is a barometer...
Audi Recalling 1.16 Million Vehicles
Volkswagen AG’s luxury unit Audi said on Tuesday that it was...
Bank Branches Shrink
Iranian banks have shrunk by 0.3% in the previous quarter...
In its meeting on Tuesday, the Money and Credit Council, headed by CBI Governor Valiollah Seif, approved further cuts to interest rates levied on Housing Savings Account.
Iran's highest financial decision-making body has approved...
While Iran currently produces about 400,000 tons per year of aluminum, consumption is around 600,000 to 700,000 tons.
Iran is on track to launch a new aluminum smelter early next...
A host of high-level officials, including several ministers, CBI Governor Valiollah Seif and two deputies of President Hassan Rouhani were present at the meeting on April 25. 
Iran’s First Vice President Es’haq Jahangiri on Wednesday...
Pensions Account for Biggest Share of Treasury Payments
Payments to the Civil Servants Pension Organization accounted...

Trending

Googleplus