Jan 1, 2019, 12:18 AM
News Code: 83154425
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Iran-India banking transactions mechanism starts operation

Tehran, Dec 31, IRNA – Governor of Central Bank of Iran Abdolnaser Hemmati and Indian ambassador to Iran Saurab Kumar announced that their banking transactions mechanism is ready for operation.

During the meeting, they also discussed the two countries’ banking and trade relations.

Indian ambassador said that the two countries’ banking mechanism has been created earlier, as both sides will do business in coming days based on the exemption of Indian side’s payments for Iran oil from taxes.

Both officials also discussed easing banking affairs, operationalizing investment in Chabahar.

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