Iran, Austria to trade in non-dollar currencies

TEHRAN, Nov. 16 (MNA) –An Austrian bank official said that to reassure traders and businessmen, Kontrollbank will support non-dollar currencies in trade transactions between Iran and Austria.

 “Our traders and businesspeople are worried about US new sanctions against Iran and to relieve their stress we are offering non-dollar currencies transaction services,” said an official of Oesterreichische Kontrollbank, better known as Kontrollbank, on Thursday.

He made the remarks after the holding a meeting with the members of Commerce Chambers of Tehran and Vienna.

“Our bank is a private sector bank and its specific area of activity is exporting to other countries,” he added.

The bank offers investment insurance against political risks for all European applicants willing to do business with Iranian partners.

After the implementation of the nuclear agreement of 2015 in early 2016, the Austrian Federal Ministry of Finance and OeKB defined conditions for covering Iran transactions, and since then cover for investments, guarantees, and offer of covers are issued again.

YNG/ IRN 82733242

News Code 129491

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