Iranian banks reopen 1202 LCs

TEHRAN, Mar. 15 (MNA) – CBI governor has announced the reopening of 1202 Letters of Credit (LCs) as well as 244 brokerage relations.

Governor of Central Bank of Iran (CBI) Valiollah Seif made the remarks saying “the figure indicates that the correspondence banking network is expanding day by day and the country’s banks are making continuous efforts to establish these relations.”

Seif, referring to some ambiguity concerning the reopening of SWIFT, said “unlike what some people might think, the requests of banking system are being transmitted on a daily basis and proper measures have been taken in this regard.”

“Foreign banks are faced with certain ambiguities which need to be resolved,” underlined the official adding “some countries have misunderstood the JCPOA as the details of its instructions casing some delay in the working process while Iranian authorities are taking effective measures two remove remaining uncertainties.”

CBI governor said nearly two months have passed since JCPOA-implementation asserting “the banking system has made the required movements and we hope to expand the banking network interactions.”

“The country’s banking system has bypassed difficult conditions and returning to normal situations proves to be a time-consuming process which will take place gradually,” he emphasized.




News Code 115236


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