Iran, Slovakia Discuss Closer Banking Ties

News ID: 1023714 Service: Economy

TEHRAN (Tasnim) – Central Bank of Iran (CBI) Chief Valiollah Seif and visiting Minister of Economy of the Slovak Republic Vazil Hudák explored avenues for promotion of banking cooperation between the Islamic Republic and the Central European country.

In the meeting held in Tehran on Tuesday, Seif praised the good record of banking relations between Iran and Slovakia and expressed the hope that economic ties between the two sides would further expand in the new atmosphere created after the implementation of the July 2015 nuclear deal between Tehran and world powers.

He further described Iranian banks’ performance in their interaction with European banks as very positive, adding that they have met their commitments.

Referring to Slovakia’s influence on European banks’ policy makers, the CBI chief called on the country to help return Iran’s credit rating to its pre-sanctions level.

Hudák, for his part, said his country sees no obstacle in the way to boost banking ties with Iran’s banks within the framework of international law.

The remarks come against the backdrop of a new wave of interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's nuclear program and started implementing it on January 16.

The comprehensive nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

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