CBI Chief Urges Closer Banking Cooperation between Iran, Afghanistan

Governor of Central Bank of Iran (CBI) Valiollah Seif called for efforts to boost banking cooperation between the Islamic Republic and neighboring Afghanistan.

Speaking to reporters after a meeting with his Afghan counterpart, Khalil Sediq, Seif said a great volume of bilateral transactions between Iran and Afghanistan are made through cash settlement methods and currency exchanges.

He further hailed his “good” talks with Sediq and said the two sides are seeking to establish a “proper” correspondent banking relationship between the two countries.

While the Joint Comprehensive Plan of Action (JCPOA), a 159-page nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) came into force in January, some Iranian officials complain about the other parties’ failure to fully implement the accord.

Back in March, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei said Americans have yet to fulfill what they were supposed to do as per the nuclear deal.

Iran still has problems in its banking transactions or in restoring its frozen assets, because Western countries and those involved in such processes are afraid of Americans, the Leader said at the time, criticizing the US for its moves to prevent Iran from taking advantage of the sanctions removal.

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