• 25 August 2018 - 12:54
  • News Code: 90336

Head of Iran-Italy joint chamber of commerce reported that two nations’ banking relations will be without greenback.

Talking to IBENA reporter, Ahamd Pourfallah regarding Iran-Italy banking relations, said that Italy is one of the European Unions and should admit and observe many rules and regulations.
As to European nations’ decision to pursue trade with Iran, the official made the remarks that governments make a decision and companies implement it. Hence many firms due to their international transactions in USD, indisputably weigh up their relations with Iran, if it is in favor of them or not.
“Since the dominant economy in Italy is based on small and medium-sized enterprises, there is less concern regarding international frictions in international level through establishing a connection with Iran”,Head of Iran-Italy Joint chamber of commerce said.
Pourfallah mentioned that based on the current situation, joint chamber of commerce’s decision is to meet companies need through small and medium-sized enterprises whose trade is not in US dollar.
He went on to say that since there are some problems for transferring money in international level and also SWIFT has been stopped, financial operations are underway through Italian foreign exchange shops and third grade banks that they do not work with USD.
Head of Iran-Italy joint chamber of commerce stressed that Italy is Iran’s biggest trade partner, therefore we do all our efforts to have money transfer through baking network, adding that there is the risk of losing resources in financial and international operations via unauthorized banks and companies, so we are hopeful that authorities take actions to have win-win relation with the world.
It is worth mentioning that IBENA is an only specialized news agency in banking and economy area, which is affiliated to the Central Bank of Iran.


You are replying to: .
9 + 1 =