China’s Ambassador to Iran Chang Hua said the two countries have agreed on new banking mechanisms that could facilitate bilateral trade although he insisted that the initiatives would remain confidential in order to avoid the US sanctions imposed on Iran.
Iran’s financial telecommunications system, known as SEPAM, has replaced the Society for Worldwide Interbank Financial Telecommunications (SWIFT) in the country’s financial transactions with Russia, said the governor of the Central Bank of Iran (CBI).
Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning — not a single customer was in sight.
China’s banking and insurance regulator on Saturday said it did not expect a persistent decline in the yuan and warned speculative short sellers they would suffer ‘heavy losses’ if they bet against the currency.
Tehran and Prague will study the expansion of banking cooperation and investment opportunities in areas of industry, mines, commerce, health and treatment in a bid to further bolster economic ties, said Iranian Deputy Economy Minister Seyed Ali-Mohammad Mousavi at the opening meeting of the two countries’ joint economic commission.
Deputy Minister of Economy and Financial Affairs Ali Mohammad Mousavi said on Tuesday that Iran and Czech are to study expansion of banking cooperation, investment opportunity, industry, mine, commerce, health and treatment in the upcoming Iran-Czech joint economic cooperation meeting.
The Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati, on the sidelines of his Sunday meeting with the Iraqi Finance Minister Fuad Mohammed Hussein, said that banking relations between Tehran and Baghdad will be eased to facilitate transactions between the two countries’ businessmen.
An informed source at the Iran-China Chamber of Commerce said on Saturday that Tehran and Beijing have resumed banking ties after an Iranian bank started to broker money transfer between the two countries.
The eurozone needs a few mega banks that can compete on the world stage, and banks need a deposit insurance scheme, Daniele Nouy, the head of the European Central Bank’s supervisory board, said on Wednesday.