Iran establishes broker relations with small foreign banks

TEHRAN, Apr. 19 (MNA) – Iranian economy minister said correspondence relationships with small foreign banks have been established.

Iran Minister of Economic Affairs and Finance Ali Tayebnia noted “with the implementation of JCPOA, a total of 700 thousand barrels has been added to Iran’s daily crude oil export though second round of US sanctions meant to decrease the country’s crude export to zero.”

“Iran’s crude oil and gas condensate export amounted to 2.5 million barrels per day which declined to one million barrels during the sanction years while the figure has been elevated by 700 thousand barrels in the post sanction era,” he explained.

The official touched upon the SWIFT issue underlining “currently, all Iranian banks are connected to the SWIFT network and can send messages.”

“Iranian banks can easily gain access to SWIFT and broker relations have been established with small foreign banks,” highlighted Tayebnia commenting “some big banks are still doubtful about boosting ties with Iranian counterparts though the issue will be resolved through negotiation.”

“Resistance Economy originates from within as increased productivity is attainable through up-to-date knowledge and technology,” added Iran’s economy minister concluding “the Resistance Economy policies pertain to all times including sanction and post-sanction years by providing proper grounds for sustainable growth.”

 

HA/3602424

 

News Code 115943

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