Iran to open accounts in Exim Bank of China

EghtesadOnline: Central Bank of Iran (CBI) will open two euro and yuan accounts in Exim Bank of China in order to facilitate settlement of banking transactions.

News ID: ۷۳۵۹۹۵

18 August 2016

The agreement over the issue was reached between the two sides on Tuesday in Beijing on the sidelines of the 16th meeting of Joint Economic Commission Meeting between Iran and China, reports ILNA.

Accordingly, two accounts over euro and yuan currencies will be opened in the Exim Bank of China in the name of the Central Bank of Iran.

The deal was signed at presence of CBI representatives and treasury officials of the Chinese bank to prepare grounds for financing economic and infrastructural projects and boosting bilateral relations.

Export-Import Bank of China (China Exim Bank) marks one of the largest banks in the East Asian country and enjoys one of the widest international brokerage financial-banking networks given its ties with more than a thousand first-class banks of the world.

Iran’s Minister of Economy Ali Tayebnia who heads the Iranian side in the joint commission which is underway in the Chinese capital of Beijing on Tuesday and Wednesday.