CBI Chief: Seven foreign banks to resume transactions with Iran

Head of the Central Bank of Iran (CBI) Valiollah Seif announced that seven foreign banks have been specified so far to conduct financial transactions with Iran following the Geneva nuclear deal, noting that three Japanese ones will embark on the task as early as Monday.

“Following the Geneva (nuclear) deal, seven banks have been specified for the financial transactions, one of which, in Switzerland, has already started its operational activity, while three Japanese banks will also embark on the job (transactions) from the coming Monday,” Seif said on the sidelines of a gathering of pharmaceutical industry owners in Tehran on Saturday.

He also noted that the CBI is trying to woo banks from the regional countries, including the United Arab Emirates (UAE).

Earlier on March 5, the CBI had announced that the tree Japanese banks, namely Bank of Tokyo-Mitsubishi (BTMU), Sumitomo Mitsui Banking Corporation (SMBC) and Mizuho Bank have expressed preparedness to conduct financial transactions with Tehran.

By Iran Oil Gas


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