CBI to Boost Ties With Bank of Italy
Economy, Business And Markets

CBI to Boost Ties With Bank of Italy

The Central Bank of Iran has laid down three proposals to the visiting Italian delegation for expanding bilateral monetary ties.
According to a statement released by the CBI, Akbar Komijani, vice governor of the bank, expressed hope that enhanced relations between Iran and Italy would lead to stronger banking cooperation.
The three proposals put forward by Komijani aim to increase financial cooperation between CBI and sectors of the Italian economy in a post-sanctions era:  The first one states that a committee comprised of officials from the Iranian central bank and Bank of Italy and the Italian insurance company SACE would facilitate bilateral inter-banking relations, previously stymied by EU sanctions.    
The second offer calls for increased presence of Iranian banks–and especially private lenders in Italy. Since Bank Sepah is the only Iranian bank with a branch in Rome, more branches of the bank in Italy were envisaged.
In his third initiative, Komijani called for strengthening ties in the area of joint investment projects and particularly in areas that would enhance Iranian exports to Italy.
During the meeting with Komijani, Federica Guidi, Italy’s minister of economic development, referred to the long and successful history of Iran-Italy relations and asked for continued ties between the two nations. She laid emphasis on tapping potentials being made available by sanctions relief.
Iran and major world powers clinched a historic agreement on July 14 to lift economic sanctions against Iran in exchange for limits on the country’s nuclear energy program. The Italian delegation is part of a flurry of western business dispatches traveling to Iran in recent days to capture business opportunities in Iran once the sanctions are eased.  


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

You can also read ...

Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
India’s fifth consignment of wheat to be sent to Afghanistan...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
Foreign ministers of the Netherlands and Spain are in Tehran...
Lexus’ New Crossover to Break Cover  in March
Lexus will pull the covers off of the production version of...
The government has required car importers to pay the higher tariffs announced in January.
The government has finally allowed the clearance of imported...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...