Iranian-European banks to establish long-term ties soon

Long-term relations between Iranian and European banks are expected to develop especially in financing civil engineering and production projects, Governor of Central Bank of Iran (CBI) Valiollah Seif announced. Seif made the remarks in the Fourth Iran-Europe Banking and Business Forum which was held on Saturday at IRIB’s International Conference…

Iran, Singapore agree to expand banking ties

Top banking officials from Iran and Singapore held talks in Singapore Tuesday on expansion of banking relations and facilitation of ways to that end. The talks were held by Governor of Central Bank of Iran (CBI) Valiollah Seif and Managing Director of Monetary Authority of Singapore (MAS) Ravi Menon. Since…

CBI governor: Preparations made for opening 1,000 LCs

Governor of Central Bank of Iran (CBI) Valiollah Seif said on Tuesday that preparations have been made for opening up 1,000 Lines of Credit (LCs). Speaking to reporters on the sidelines of a gathering of non-governmental entrepreneurs, Seif said that the process of opening LCs began on Monday. Noting that…

CBI governor predicts a breakthrough in banking system after JCPOA implementation

Governor of Central Bank of Iran (CBI) Valiollah Seif said on Monday that the Iranian banking system will experience a breakthrough after the implementation of the Joint Comprehensive Plan of Action (JCPOA) reached on July 14 between Tehran and the six world powers. Noting that Iran is now on the…