BMI Issues $1b Worth of Payment Orders

Bank Melli Iran has issued 3,100 forex payment orders valued at $1 billion during the eight-month period ending November 20 for trading with other countries, said the bank’s chief executive. “BMI has recorded a 7.2% growth in the number of issued payment orders and 8.1% in total value during the period,” Banker.ir also quoted Mohammad Reza Hosseinzadeh as saying on Tuesday. Hosseinzadeh noted that his bank has been expanding ties with international lenders in recent months, adding that BMI is facing no restriction in providing services, especially for trading with Japan, Turkey, Russia, China, India, South Korea, Oman, Iraq and Azerbaijan.