Iranian Banks to Establish Treasury Operations

Date: 21 June 2017 - 22:29

News ID: ۴۰۹۱۰

TEHRAN (MNA) – Governor of the CBI for foreign exchange affairs, Gholamali Kamyab has said necessary conditions will be created for launching broker ties with the world’s banks as a prerequisite to adopting uniform currency rates.
On recent decisions made by the U.S. Congress to extend sanctions against Iran, Kamyab said the bills passed by the U.S. will have no direct effect on banks.
"Although time will reveal possible effects of the new decision on Iran’s banking relations with the world, the assumption is that our position can be strengthened in case international standards are settled in both state and private banks,” he continued.
The official described uniform currency rate a major tenet of Resistance Economy which is being meticulously pursued by the government. As such, the Central Bank of Iran is carrying out expert studies on the issue in a bid to remove possible barriers.
Two years ago, Iran was fully ready to adopt uniform currency rates though the decision was intentionally postponed to a later time when broker ties reach a level that allows an easy-way performance of treasury operations.
He estimated that the path will have been paved for launch of broker relations with world banks by the end of the current Iranian calendar year (began March 21) though the issue is subject to Iran’s position in Financial Action Task Force (FATF) which is expected to change from Non-Cooperative to Cooperative Country.