German and Austrian banks have opened $1 million -10 million in credit lines for Iranian business, said Asadollah Asgaroladi, a board member of the Iran Chamber of Commerce, Industries, Mining and Agriculture. He added that South Korean banks would also start opening credit lines for Iranians, banker.ir reported. “We have asked the Chinese to expand banking relations. They agreed but the Central Bank of Iran is supposed to finalize the issue,” he said.
