Economy, Business And Markets

Seif Meets German Banks

Seif Meets German Banks  Seif Meets German Banks

Iran’s Central Bank Chief Valiollah Seif discussed issues of mutual interest with President of the Deutsche Bank Jens Weidmann on Wednesday. The two officials discussed ways to enhance banking cooperation during their meeting in Frankfurt, IRNA reported. Seif also met with presidents of AKA Bank and DZ Bank. He is expected to discuss banking issues with the representatives of German-based Iranian companies during his tour. Following the implementation of the nuclear deal between Iran and world powers, also known as the Joint Comprehensive Plan of Action, and the removal of sanctions, the European countries started considering returning to Iran’s lucrative market. German companies were among the first to start negotiations to invest in Iran. The CBI chief’s visit comes at a time when there are still US financial and banking restrictions in the way of the Islamic Republic to resume normal economic and banking ties with the outside world.