57242
Bank Sepah’s Forex Operations Up 31%
Bank Sepah’s Forex Operations Up 31%

Bank Sepah’s Forex Operations Up 31%

Bank Sepah’s Forex Operations Up 31%

The total value of forex operations conducted by Bank Sepah stood at $3.714 billion during the 10 months to January 3, marking a 31% growth compared with the previous year’s $2.828 billion. Mostafa Partoafkanan, a board member of the bank, announced that Sepah has issued $1.837 billion worth of L/Cs in this period. “Our bank has also issued $1.28 billion worth of payment orders during the past 10 months,” Sepah’s website quoted him as saying. Partoafkanan also referred to Central Bank of Iran’s June decree, which allowed bankers to start dealing in foreign exchange at the market rate, saying that it has had a considerable effect on Sepah’s performance. Back in July, the banking system got the thumps-up from CBI to trade in foreign currencies at the open market rate.

 

Short URL : https://goo.gl/jTPRLW
  1. https://goo.gl/d3FtS9
  • https://goo.gl/ZSStNw
  • https://goo.gl/KdTtje
  • https://goo.gl/M7cZei
  • https://goo.gl/e3X6G5

You can also read ...

Massoud Karbasian (1R), sitting across his Indonesian counterpart Sri Mulyani Indrawati in Washington, DC.  
Iranian Minister of Economic Affairs and Finance Masoud...
The first train to connect China and Iran arrived in Tehran in February 2016 loaded with Chinese goods, reviving the ancient Silk Road.
China is calling on the United States to preserve the Iran...
TCCIM Director Masoud Khansari (C) made the keynote speech at the latest gathering of the influential business body on Oct. 17. (Photo: Saeed Ameri)
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
All devices that support Wi-Fi are most likely affected and users may want to be wary of using Wi-Fi at all until patches are widely rolled out
One more vulnerability that is now affecting practically...
NSFund Helping Knowledge-Based Firms Growth, Export Agenda
Government-backed Innovation and Prosperity Fund (NSFund) has...
Int’l Animal Feed Producers to Visit
Board members of the International Feed Industry Federation...
$7.5b in Loans to for Industries
The Iranian government is extending financial support to...
92% Rise in N. Khorasan Exports Value
More than 310,000 tons of goods worth around $61.5 million...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus