Head of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour said on Sunday that 1,000 LCs were opened on the first day of implementation of the Joint Comprehensive Plan of Action.
Jalalpour told reporters on the sidelines of the meeting of the group of representatives of Iranian Chamber that since about two months ago, the banking system, the Central Bank of Iran (CBI), the Chamber of Commerce, Industries, Mines and Agriculture, and Ministry of Industries, Mines and Trade have made some arrangements to open up more than 1,000 Letters of Credits on the first day of lifting sanctions.
The official said the Bank of Industries and Mines opened up more than 100 million worth LCs.
He said that the banking system was re-connected to SWIFT and Iran will present application for SWIFT Membership Committee today.
The SWIFT Committee will consider Iran’s application in two weeks and SWIFT is expected to open by maximum early February for the banks with no access to SWIFT.