Gholam-Ali Kamyab made the announcement on the sidelines of a signing ceremony of another agreement on the credit supply of the Tehran-Mashhad railway electrification project.
He touched upon the problem of the petrochemical industry’s foreign currency transfer into the country, but noted that despite being slow, the process is still running and that talks are under way to accelerate it.
As part of that, Kamyab said, deals are in the making with three European banks and one from China on credit supplies of up to 12 billion dollars.
The Central Bank official noted that such agreements indicate growing ties with foreign banks, particularly Chinese ones. “That is expected to remove the obstacles Iranian exporters and importers face in their deals with Chinese businesses,” he concluded.
