Iran, Afghanistan to bolster banking ties

TEHRAN, Nov. 22 (MNA) – CBI governor, has announced that Iran is after development of banking relations with the neighboring country of Afghanistan.

Governor of Central Bank of Iran, Valiollah Seif, has made the remarks on the sidelines of a Monday meeting with his Afghan counterpart Khalil Sediq.

“A great portion of trade turnover between Tehran and Kabul is being settled through exchange of cash though the process needs to be optimized via the banking system,” he underlined.

Pointing to the constructive talks with Khalil Sediq, governor of Da Afghanistan Bank (DAB), Seif added “we are after launching proper broker relations between the two sides as well as to elevate volume of trade through banks, Letter of Credit (LCs) and credit systems.”

DAB, as the central bank of Afghanistan, enjoys advanced regulations and owns precious experience in combating inflation as well as stabilizing the exchange market.

Ongoing negotiations aims to lower the risks of bilateral trade between the two neighboring countries, CBI governor concluded.

HA/3830391

News Code 121502

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