9 Foreign Banks to Open A/Cs
Economy, Business And Markets

9 Foreign Banks to Open A/Cs

The banking sector will open accounts for nine foreign banks after the lifting of the sanctions, while about 20 others are ready for cooperation in the post sanctions era, said Bank Parsian's deputy for international affairs on Thursday.
"Banks are looking forward to resuming relations with their foreign peers after sanctions are removed, based on mutual fulfillment of commitments," ISNA quoted Mansour Tafazzoli as saying.
"We are willing to revive overseas banking relations,” he said.
Iranian banks are likely to be reconnected next week to the SWIFT financial transaction system of which they were deprived as a result of the international economic sanctions.
Majid Takht Ravanchi, deputy foreign minister, earlier this week said from implementation day onwards all financial transaction between Iranian and European banks and their citizens will be lawful.
The agreement also vindicates correspondent banking relations, allowing foreign banks to open branches in Iran and providing insurance and reinsurance to Iran.
Valiollah Seif, governor of the Central Bank of Iran, on Tuesday said the bulk of Iran’s frozen foreign assets worth $30 billion will be released soon after the nuclear accord with the six world powers takes effect possibly by the weekend.

Short URL : http://goo.gl/6gXaDC
  1. http://goo.gl/6qTeyk
  • http://goo.gl/oMXF3t
  • http://goo.gl/DaGkM8
  • http://goo.gl/Y8COU3
  • http://goo.gl/g5kjs1

You can also read ...

BMW, Mercedes Boxed in  by Tariff Battles
US President Donald Trump’s escalating trade spat threatens to...
China Auto Firms to Set Up Ride-Sharing Platform
Chinese firms FAW Group, Dongfeng Automobile and Chongqing...
Windfall Taxation on Gold Coin, Forex Trading
Government is to levy taxes on gold coin and foreign currency...
Iran Could Join Russia’s Regional Payment Network
Russia is looking to establish a regional payment network in...
Non-Oil Exports From Shahid Rajaee Port Grow 3.8%
Non-oil exports from the southern Shahid Rajaee Port during...
Aluminum Output Increases 11%
Iran’s major aluminum companies produced an aggregate of 91,...
Challenges Ahead for Banking System
The chief executive of Bank Refah said limited overseas...
IMIDRO Concludes Largest Aerial Geophysical Survey
Iran’s largest mining holding has concluded the last stage of...