Ecuador-Iran Banking Ties
Economy, Business And Markets

Ecuador-Iran Banking Ties

Iran and Ecuador central banks plan to open a joint account to help boost commercial ties between the two countries, Valiollah Seif, Central Bank of Iran’s governor, said in a meeting with an Ecuadorian delegate visiting Iran on Monday. Pointing to Tehran’s interest in increasing trade with the South American state, Seif said a joint account would be the best mechanism for now to achieve that goal, CBI’s website quoted him as saying. José Esteban Melo Jacome, Central Bank of Ecuador’s deputy for services welcomed Seif’s proposal, noting that barter trade would best suit the current state of his country’s economy. Ecuador adopted the US dollar as its national currency in 2000, which has undermined its ability to compete with its neighbors, he said. 

Short URL : http://goo.gl/GLVGnj
  1. http://goo.gl/sb0w98
  • http://goo.gl/W2x58G
  • http://goo.gl/vFgjBx
  • http://goo.gl/8LGnEU
  • http://goo.gl/8hCKZy

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
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...