Economy, Business And Markets

Bank Ties With Ecuador to Expand

Bank Ties With Ecuador to ExpandBank Ties With Ecuador to Expand

The central banks of Iran and Ecuador on Wednesday agreed to open accounts in euro and each other’s currencies for expanding relations between the two countries’ banks, opening letters of credit and facilitating money transactions. The agreement was signed during the Iranian delegation’s visit to the South American country, headed by Foreign Minister Mohammad Javad Zarif, Central Bank of Iran’s website reported. A banking transactions deal was signed by Hossein Yaqoubi, CBI’s deputy for international affairs, and Rodrigo Landeta Parra, Central Bank of Ecuador’s deputy manager.