News ID: 253848
Published: 0243 GMT June 07, 2019

China’s Bank of Kunlun starts work in Iran

China’s Bank of Kunlun starts work in Iran

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced on Thursday that China's Bank of Kunlun kicked off its work in the country.

In his Twitter account, the ICCIM vice chairman, Pedram Soltani, wrote, "China's Bank of Kunlun has announced that it will continue its banking transactions with the Islamic Republic of Iran by the end of the current year in 2019 only using Chinese unit of currency 'yuan' and with full observation of US sanctions with regard to the goods, real and legal entities, transport companies and bank."

According to the official, Bank of Kunlun is the only Chinese bank that cooperates with Iran.



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