Tehran, Muscat after stronger banking ties

News ID: 3986589 -
TEHRAN, May 23 (MNA) – In a bid to boost bilateral banking relations, Iran and Oman have reached a number of agreements including connection of bank payment systems of both sides.

Governor of Central Bank of Iran (CBI) Valiollah Seif made a visit to Oman on Monday during which both sides reached various agreements to bolster joint banking collaborations one being linking of switch systems.

Leading a high-ranking banking delegation to Muscat, Valiollah Seif made the visit in order to follow up earlier agreements reached during earlier visit of President Rouhani to the Persian Gulf littoral state.

Hamoud bin Senghor al-Zadjali, Executive President of the Central Bank of Oman (CBO), and CBI Governor Seif, at a joint meeting, assigned representatives to the joint committee and made an agreement over connection of bank payment systems so that owners of Iranian and Omani credit cards will be able to use ATMs in both countries.

It was also agreed that braches of Bank Saderat Iran and Bank Melli Iran based in Oman become activated. In the same line and with the aim of promoting bilateral trade between the two sides, it was agreed that broker relations between commercial banks be developed.

It is worth mentioning that holding training courses in Islamic banking, treasury and foreign exchange arenas were among other achievements of the visit.

On the basis of the reached agreements between heads of Iranian and Omani central banks, technical directors of the two countries are supposed to discuss technical issues within a month and offer appropriate recommendations for settlement existing concerns to the joint banking working group by the end of the month.

CBI Governor Seif was accompanies by a number of CEOs of public and private banks in his one-day trip to Oman.

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