23 Apr 2024
Thursday 28 November 2013 - 14:16
Story Code : 67812

Turkish banks will be able to make Iran transactions -minister

Nov 28 (Reuters) - Turkishbankswill be able to make Iranian transactions once sanctions onIranare eased in the wake of a deal between Tehran and six world powers to curb Tehran's nuclear programme, Turkey'seconomyminister said on Thursday.
"After the easing forIran, Halkbank and otherbankswill be able to process payments,"EconomyMinister Zafer Caglayan said.

"Because of the pressure exerted by the United States, private banks were unable to process (Iranian) transactions. Now that obstacle has been removed, not only Halkbank but other banks will be able to process payments," he said.

State-owned Halkbank is one of Turkey's biggest banks.

By Reuters

 

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