MNA ICCIM deputy head has announced that the country is now able to open Letter of Credit (LCs) in Germany, Switzerland, Italy and Austria.Deputy Head of Iran's Chamber of Commerce, Industries, Mine and Agriculture (ICCIM) Pedram Soltani made the remarks on Saturday asserting that banks currently cooperating with Iranian counterparts are considered ...

The Central Bank of Iran has permitted banks to open letters of credits in foreign currencies at market exchange rate. The permission comes after CBIs recent decree allowed banks to trade foreign currencies at the market rate and is in line with plans for unification of forex rates, Razi Aqamiri, a member of Government and Private Sectors Dialogue ...