Tehran, Iran, Nov. 21
By Temkin Jafarov - Trend:
Iran has offered to create a joint bank to facilitate the trade with the European countries, Chairman of the Central Bank of Iran, Valiollah Seif, said.
Seif made this statement as part of Euro Finance Week in Frankfurt November 18-19, Iranian news website Tasnimnews reported.
He has offered to re-integrate Iran into the international financial market and to establish correspondent relations among the banks of the country and Europe.
"The international community can benefit from the establishment of economic ties with Iran," he said. "Iran has great economic potential, developed infrastructure, abundant natural resources and skilled workers."
He said that the European markets are well aware of the Iranian economy, as Iran has been cooperating with Europe for a long time.
"Germany was the largest foreign trade partner of Iran in 2010," he said. "The trade turnover between the two countries amounted to $ 2.7 billion. Moreover, Iran has correspondent relations with 27 German banks."
He said that the agreement reached by Iran and "Six" international mediators creates favorable conditions for the resumption of cooperation with Iran.
"The Central Bank of Iran will make every effort for the foreign investors and financial companies to work in the country," he said. "They will be provided with incentives and guarantees for the protection of investments."
He said that today, the international investors are permitted to establish banks in Iran and free economic zones of the country.
"Investors can open banks in free economic zones with 100 percent stakes, while their share will not exceed 40 percent in other areas of Iran," he said.
While speaking about the possibility of establishing a joint Iranian-European bank to facilitate the trade, he said that the Central Bank of Iran is ready to guarantee the safety of foreign investments and their effectiveness.
"Iran is interested in establishing lasting and long-term relations with international banks," he said.