Mar 14, 2015, 5:30 PM

Central Bank boosts relations with Russian counterpart

Central Bank boosts relations with Russian counterpart

TEHRAN, Mar. 14 (MNA) – Central Bank director has led a delegation to Russia to discuss and finalize a monetary agreement with Russian Federation Central Bank.

The Iranian delegation had extensive talks with Russian side and managed to come to an understanding of mutual matters of interest to improve relations and cooperation. Russian side said that it had established a workgroup in last month to implement banking agreement articles; the workgroup would also address the mechanisms to solve barriers in the banking system on the way to develop relations.

The Russian side proposed that Iranian Central Bank establish a similar workgroup, so that both workgroups could meet in Tehran on next May in an attempt to tackle glitches in an expert-level meeting.

Russian Central Bank Governor organized a launch feast in the honor of Iranian delegation, where Mehdi Senaei, Iran’s Ambassador to Moscow addressed the attendants; “the precedent of establishing a joint bank account by Iran and Russia goes back to nearly half a century ago, which had a positive experience in facilitating payments in bilateral trade and a turning point in Iran-Russian relations in general,” told Mehdi Senaei to the gathering. “A serious relation between two countries would bring improved trade balance,” he added.

Russian and Iranian Central Bank officials signed a regulatory agreement draft which would oversee financial mechanisms between Central Banks.

Iran’s embassy economic section had also organized meetings between Iranian Central Bank delegation and the governors of Russian operative banks with an interest in Iranian economy, which Iranian delegation assessed it as a very ‘positive’ meeting.

Iranian delegation also visited Bank Melli Iran (Mir Business Bank) branch in Moscow. The visit sought to help bring Central Banks views closer together for a positive monetary cooperation emphasized by both sides.

 

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News ID 106294

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