China’s ‘Kunlun’ Bank kicks off work in Iran

TEHRAN, Jun. 06 (MNA) – Vice Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Pedram Soltani on Thursday revealed the start of activity of China’s Bank of Kunlun in the Islamic Republic of Iran.

In his twitter account, he wrote, “China’s Bank of Kunlun has announced that it will continue its banking transactions with the Islamic Republic of Iran by the end of the current year in 2019 only using Chinese unit of currency ‘yuan’ and with full observation of US sanctions with regard to the goods, real and legal entities, transport companies and bank.”

China’s Bank of Kunlun is the only Chinese bank that cooperates with the Islamic Republic of Iran, he added.

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