Governor of Central Bank of Iran (CBI) Valiollah Seif deemed current level of collaborations on the part of Western banks with Iran as unsatisfactory saying “indeed, conditions have changed following the implementation the Joint Comprehensive Plan of Action (JCPOA) as good banking relationships have been created which relatively solve foreign trade difficulties faced by the country.”
“Nevertheless, present ties are not strong enough to be considered as normalization of banking relations,” he emphasized.
Seif went on to note that European states and their banks are willing to launch cooperation with Iranian sides; “unfortunately, the US has failed to remain fully committed to its JCPOA obligations.”
“Western and European bank hold concerns about in communicating with the Iranian banking system for being unsure of America’s following reactions,” underlined CBI governor.
The official called for appropriate reassurance for Western banks to easily establish relationships with Iranian counterparts since good relations had always existed between the two sides for long.
Seif, while reiterating that no negative experience, non-payment or non-collected receivables exist in the history ties between Iranian and Western banks, expressed hope that Americans will carry out the assumed responsibilities in order to create proper grounds for deeper banking ties.
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