CBI, Coface reach agreement on settling debts

TEHRAN, Jan. 30 (MNA) – CBI reached an agreement with Coface, France’s export credit agency, for settling Coface’s debts to Iran, CBI head said without providing details.

During the visit of the Iranian President in Paris on January 27 and 28, Central Bank of Iran and France’s export credit agency Coface reached an agreement on settling Coface’s debts to Iran since when international sanctions have been put in place.

This agreement paves the way for business restoration and development between the two countries.

The mutual agreement represents a significant step necessary to return to the usual business.

According to a CBI press release, Coface is now able to help and provide guarantees for Iran’s medium and long-term projects, in compliance with international rules.

The Coface Group, a worldwide leader in credit insurance, is in charge of public export guarantees on behalf of the French government with 160,000 clients in 93 countries.

It offers solutions to companies around the globe to protect them against the risk of financial default of their clients, both on the domestic market and for export.




News Code 113990


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