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Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati announced that EU’s special payments channel for Iranian and European exporters will act as a bilateral monetary agreement between Iran and EU.
EU’s payments channel to act as bilateral monetary agreement: CBI
“Details of EU’s special payments channel to maintain economic ties between Iran and EU were discussed in the last week’s meeting in Brussels,”Abdolnaser Hemmati wrote on his Twitter account. “The establishment of the special payments channel is based on a common understanding that Iranian and European companies and businesspeople are willing to maintain economic ties with one another despite US’ unilateral withdrawal from 2015 nuclear deal, known as the Joint Comprehension Plan of Action (JCPOA),” he added. “In this regard, EU’s special payments channel is designed to solve difficulties related to financial transactions. The special channel would make is possible for Iranian and European exporters to receive the foreign exchange earnings from their exports,” CBI governor stated. “EU’s special payments channel will act as a bilateral monetary agreement between Iran and EU. Both sides are pressing for its implementation as soon as possible. Details of the channel and the way to operate it are expected to be disclosed to the public and businesspeople in near future,” the official said.
Iran’s Minister of Transport and Urban Development has announced that the government plans to connect the Chabahar port in southeastern Iran to the country’s railway network through the city of Zahedan by the end of the current Iranian year ( late March 2025).
The Bank for International Settlements (BIS) put Iran’s total deposits with foreign banks and financial institutions at more than $13 billion.
Head of the Study, Monitoring and Market Development Office of the Central Organization of Rural Cooperatives of Iran says 21 metric tons of Iranian saffron worth $207,786,281 were directly exported to 55 countries in the Iranian calendar year ending in late March.
The head of the National Iranian Gas Company (NIGC) said the gas contract between Iran and Iraq, which would finish on June 20, 2024, has been extended for another five years, Mehr News Agency reported.
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