Iran, Syria to launch joint financial institution to facilitate bilateral commerce ties

and are planning to ascertain a joint financial institution to facilitate bilateral commerce cooperation, a high official mentioned right here.

“We’re additionally making an attempt to create an inside SWIFT (mechanism) between the Central Banks of and with a view to counter the (western) sanctions,” Xinhua news company quoted Gol Mohammadi, a senior member of the financial growth headquarters of Iran, Iraq and Syria, as saying on Saturday.

This plan is within the last stage which can resolve issues of cash switch between and Syria, he added.

Earlier, Abdolnaser Hemmati, the governor of Central Financial institution of Iran urged the Syrian aspect to take away obstacles on this regard, saying that the joint financial institution would assist promotion of financial collaboration.

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