LCs

Banks in Russia have started processing letters of credit (LCs) issued by Iranian banks amid growing trade and economic cooperation between the two countries.

EghtesadOnline: Governor General of the Central Bank of Iran Valiollah Seif says 6,000 Letters of Credit were opened by Iranian banks in the post-JCPOA era.

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif said on Monday that after implementation of the Joint Comprehensive Plan of Action (JCPOA) over 5,800 Letters of Credit (LCs) have been opened up by foreign banks for Iranian businessmen.