Iran Moving Int'l Settlements to Russia, Turkey
Iran Moving Int'l Settlements to Russia, Turkey

Iran Moving Int'l Settlements to Russia, Turkey

Iran Moving Int'l Settlements to Russia, Turkey

The Central Bank of Iran has recently decided to move international settlements from Persian Gulf states to Russia and Turkey, said the governor of CBI.
"The decision is aimed at facilitating banking services and international clearance," Valiollah Seif was also quoted as saying by Mehr News Agency.
The CBI chief noted that international settlements was handled in Persian Gulf countries due to their easy processing and close proximity.
"Under the current circumstances, the settlement will be divided between a number of countries," he added.
Seif noted that a part of international settlements will take place in Turkey while the rest will be processed through countries that have not worked with Iran before.
"There have been negotiations with Russians to handle some settlements through them and their banks are gradually adjusting to the required systems," he said. 

Short URL : https://goo.gl/iAafSl
  1. https://goo.gl/cjTzAH
  • https://goo.gl/LMcSPw
  • https://goo.gl/EOWtDN
  • https://goo.gl/1OW9q4
  • https://goo.gl/aa1bQd

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...

Add new comment

Read our comment policy before posting your viewpoints