29 November 2017 - 15:12

CBI's Report Card in Foreign Exchange and International Affairs

Iran's Central Bank revealed its 100-day performance in foreign exchange area and international affairs.
News ID : 78370
بانک مرکزی

Iran's Central Bank reported its 100-day performance in foreign exchange and international affairs as following:





-Expanding brokerage relations with European countries (the Netherlands, Italy, Belgium and Austria) and Asian nations such as China and South Korea.





-Signing credit lines agreements for short-term foreign finance ($26.2bn) as well as mid-term and long-term with European and major Asian banks (total sum: $23.1bn)





-Doing necessary negotiations and drawing up EIH Bank ( Europe,Iran Commercial Bank)'s short-term agreements draft with 9 Iranian banks and some foreign branches of Iranian banks with the aim of providing short-term financial resources (maximum one year)





-Creating necessary arrangements for development banks to use short-term facilities of ECO Trade and Development Bank for providing financial resources of commodities' purchase and capital equipment.





-Negotiating with big Russian banks to facilitate international payment ways through Iranian and Russian banks' cards switch.





-Stabilizing foreign exchange rate by eliminating some items from exchangeable currency such as travel exchange currency to equalize foreign exchange rate.





-Pursuing and negotiating with some targeted countries such as Turkey, Pakistan, Russia, China, Iraq, Brazil and India to ink monetary pacts and local currency swap.


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