Iran Central Bank wants to establish regional links

EghtesadOnline: Following the signing of the Joint Comprehensive Plan of Action (JCPOA) which opened new chances for the Iranian banking system, the Central Bank of Iran is working to establish regional links, a senior official said.

News ID: ۷۳۹۲۰۶

15 January 2017

Davoud Mohammad Beigi, who is the manager of payment systems department with the bank, said the Central Bank of Iran has already started negotiations to connect the Iranian banking system to the international payment systems, ILNA reported.

He said this became possible for the bank after the inplementation of the Joint Comprehensive Plan of Action (JCPOA).

He said the bank already enjoys the technological infrastructures needed for establishing such connections and is already engaged in practical phases.

Referring to impediments on removal of sanctions against Iran, he said a number of international firms are affiliated to the US and have practical restrictions for cooperation with Iran.

Noting that a Japanese company as well as one from China have already voiced interest in entering the Iranian market, he said his department is working on ways to encourage more firms to the Iranian market.