CBI governor expects western states to improve Iran’s credit status

Tehran, March 8, IRNA – Governor of Central Bank of Iran (CBI) Valiollah Seif said on Tuesday that the Islamic Republic of Iran expects the western governments to improve Iran’s credit status corresponding to the pre-sanctions era.

He made the remarks in a meeting with Slovakia Economy Minister Vazil Hudak.
Seif said that Iran and Slovakia enjoy satisfactory background of banking relations which will serve to help develop economic cooperation in post-sanctions era.

On the necessity to heed the banking standards related to principles of corporate governance and transparency, he said that Iranian banks are committed to international regulations and they have done nothing wrong to bring penalty to European banks.

The CBI governor made clear that Iranian banks’ main agents were often the agents of the top-ranking European and international banks.
He said that the post-sanctions era have positive context to improve the atmosphere for banking cooperation and CBI is ready to solve any ambiguity in the current of negotiations.

He recalled final approval of Law to Combat Financing for Terrorism, Seif said that after negotiations with some Governors of European Central Banks, they have agreed to drop Iran’s name from the list of non-cooperative countries so that the Slovak banks can cooperate with Iran with no concern.
He said that CBI started operation with its trade partners including Italian Export Credit Agency, SACE and COFACE and Austria’s export insurance institute and with Hermes of Germany.

Seif suggested opening representative offices of Slovakian Banks in Iran which was welcomed by Slovakian side.
Slovakian Economy Minister Vazil Hudak said that Slovakian Government is willing to cooperate with Iranian public and private banks.