president.ir- President Hassan Rouhani met with the new Ambassador of Cyprus to Tehran, Petros Nacouzis, on Saturday to receive his letter of credence and said: "There are good potentials for deepening ties in various economic fields between the two countries and promoting banking relations can lay the groundwork for better relations between Tehran and Nicosia".

He also described the Joint Comprehensive Plan of Action (JCPOA) very important for stability and development of the region, adding: "We will stay committed to the JCPOA until the other side does so".

Banking relations between the two countries must be developed, said Rouhani adding: "To have inclusive development of relations between the two countries, we require good banking relations".

"As we have good banking cooperation with many countries in Europe and the region, this kind of relations can also be developed between Tehran and Nicosia," continued the President.

He also stressed that the Islamic Republic of Iran wants peace and development in the region and the world, adding: "Iran supports an independent, integrated Cyprus and underscores the need to solve problems in a fair manner through dialogue".

The new Ambassador of Cyprus to Tehran, Petros Nacouzis, presented his credentials to President Rouhani and said: "Cyprus is fully aware of the important role of the Islamic Republic of Iran in promoting peace and security in the region and the world and appreciates it".

"Tehran and Nicosia have common goals and that is establishing peace and stability in the region and we believe that the JCPOA must stay alive and this agreement can help promote peace and stability in the region," he added.

He continued: "Cyprus is determined to cement its ties with the Islamic Republic of Iran in all fields, including banking relations".