68747
Indonesian LOC for Joint Ventures
Indonesian LOC for Joint Ventures

Indonesian LOC for Joint Ventures

Indonesian LOC for Joint Ventures

An Indonesian bank is set to open a $200-milion credit line for Iranian and Indonesian businesses and start working with 10 Iranian banks, Indonesia’s ambassador to Iran announced during a visit to Tehran Chamber of Commerce, Industries and Mines on Wednesday. Octavino Alimudin also said the Indonesian government is interested in using national currencies for facilitating mutual trade, TCCIM’s official website reported. He did not mention the name of the Indonesian bank. The volume of trade between Tehran and Jakarta is expected to increase fivefold by the end of the current fiscal year. Trade between the two Muslim-majority nations currently stands at $340 million. In February, the Central Bank of Iran had announced the establishment of a joint bank account between Iran and Indonesia aimed at fostering financial cooperation and facilitating bilateral transactions.

Short URL : https://goo.gl/zBT78D
  1. https://goo.gl/UoZ8X6
  • https://goo.gl/2rbDq5
  • https://goo.gl/DXehG3
  • https://goo.gl/qrEuLq
  • https://goo.gl/4DuJFr

You can also read ...

FATF Gives Iran Until February to Complete Reforms
The international group that monitors money laundering...
Iran Private Sector Businesses Dispirited Over Economic Conditions - Report
A recent survey conducted by the Tehran Chamber of Commerce,...
Tehran Market: Gold Prices Move Toward Relative Calm
Gold prices are relatively stable according to the head of...
EU Mechanism for Iran Trade Pursues Long-Term Targets
France’s Foreign Ministry said on Thursday the creation of a...
UK Preserving Iran Humanitarian Trade in Face of US Sanctions
High-level meetings on Thursday and Friday in London were held...
Iran Government Expected to Change Currency Repatriation Rules
Iran's private sector remains steadfast in its opposition to...
Iran: Imports of Essential Goods Top $4.6 Billion (Mar-Sep 2018)
Over 9.13 million tons of essential goods worth $4.67 billion...
Tehran Stock Exchange's Main Index Registers 90% Growth Since March
The total value of traded shares in Tehran Stock Exchange...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus