Iran, Saudi Arabia Bankers Brace for Promoting Monetary-Banking Cooperation

Bank officials from Iran and Saudi Arabia started negotiations to expand monetary, banking and foreign exchange relations between the two countries after a 7-year hiatus.

News ID: ۸۰۸۱۷۲

14 November 2023

Deputy Governor of the Central Bank of Iran (CBI) for Foreign Currency Affairs Mohammad Aram traveled to Saudi Arabia’s capital of Riyadh on Tuesday to hold talks with his counterpart for the resumption of banking and monetary cooperation.

According to the scheduled program, the CBI deputy governor will hold high-profile talks with Saudi bankers on bilateral ties and issues of mutual interest.

A specialized delegation consisting of senior currency managers of the Central Bank of Iran and directors of the concerned organizations accompany the deputy governor of the Central Bank of Iran on his visit to the Arab country.

In congratulatory messages to Saudi Arabia’s leaders on the country’s 93rd National Day on September 23, Iranian President Ebrahim Raisi expressed hope for the enhancement of relations between the two nations in various fields. / Tasnim