Iran, Finland Removing Banking Hurdles

EghtesadOnline: A task force comprising Iranian and Finnish bank executives and experts, which was formed to remove bilateral banking hurdles, has already made headway, said the ambassador of the Scandinavian nation to Iran.

News ID: ۷۷۴۵۸۷

13 March 2017

“This task force has so far managed to remove a large part of the problems in the way of foreign exchange transactions between the banks of the two countries,” Harri Kamarainen also said in a talk with IRNA.

He called the progress made by the working group in clearing banking barriers “promising”, noting that the prospect of transactions between Iranian-Finnish banks in the near future looks close at hand.

The Finnish ambassador, who was in the northern city of Sari in the province of Mazandaran, added that establishing ties between the provinces of two countries is the way to go to increase trade ties, Financial Tribune reported.

According to Kamarainen, similar to Iranian provinces such as Zanjan and Kurdestan, Mazandaran should also expand ties with Finland at the local level.

“A significant number of major Finnish companies, especially companies active in providing raw material and technology, have restarted working with Iran” after the nuclear deal, he said.