Media Wire

Chinese Bank ‘Kunlun’ Starts Work in Iran

Vice Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Pedram Soltani on Thursday revealed the start of activity of China’s Bank of Kunlun in the Islamic Republic of Iran.

In his twitter account, he 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.”

China’s Bank of Kunlun is the only Chinese bank that cooperates with the Islamic Republic of Iran, he added.

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

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