Nahavandian heads to Switzerland to seek banking cooperation

TEHRAN, Dec. 08 (MNA) – President Rouhani’s chief of staff has headed to Switzerland to discuss banking restrictions with Swiss president and bank governors.

Mr. Mohammad Nahavandian has on agenda meetings with Swiss president and governors of banks of the country, to address bilateral fiscal and financial relations.

His visit will also seek to facilitate implementation of financial agreements agreed between two presidents on the sidelines of the UN headquarters in Geneva.

Financial restrictions and lack of access to international mainstream of transactions has yet been hitting Iran’s banking transactions even after JCPOA, which initially inspired much hope among the enterprises in Tehran for better conditions; however, little part of this hope was fulfilled, with Iran’s banking sector languishing in the fringes of world financial system.

Nahavandian’s visit would be seen as a measure to address Tehran’s deepest concerns of continuing restriction in accessing broad financial system of the world.

SH/IRN82337374

News Code 121870

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