CBI Chief: Int’l banks cautious due to unfamiliarity with Iran’s economy

IRNA – Governor of Central bank of Iran (CBI) Valiollah Seif in a meeting with Australian Ambassador to Iran Ian Biggs in Tehran on Thursday underlined that the caution practiced by the international banks in their transactions with Iran is attributed to their lack of familiarity with Iran’s economy.

“The cautiousness shown by the world banks in their cooperation with Iranian banks is due to their lack of sufficient knowledge about economy of Iran which is of course attributed to the unilateral sanctions imposed against Iran and lack of communications among banks throughout the years of sanctions,” Seif said during the meeting.

The governor of the Central Bank of Iran reiterated that there is a calm atmosphere for economic cooperation prevalent in the country, and said, “Our goal in establishment of banking relations is to move in the direction of non-risky areas for the other sides’ banks and central bank of Iran.”

The Australian ambassador, for his part, said that Iran’s economy is progressive, and said, “I have been in Iran since 10 months ago and now a suitable opportunity has been provided for economic cooperation between the two countries.

Biggs said that his main goal during his mission to Iran is to expand economic cooperation with Iran.