Baku, Azerbaijan, May 23
By Farhad Daneshvar – Trend:
The connection of Iranian banks to international counterparts would be accelerated in President Hassan Rouhani’s second term, an Iranian official says.
Fardad Daliri, the deputy head of Industrial Development and Renovation Organization of Iran (IDRO), has expressed hope that Iran’s issue of banking ties with the world would be resolved within the coming months, IRNA news agency reported.
According to the official, the country has held several talks with international organizations to resume cooperation in Iran in a bid to draw foreign investment in the post sanctions era.
Hassan Rouhani who concluded Iran’s nuclear deal with the world powers in 2015, was reelected as the country’s president in the May 19 election.
According to the nuclear deal, the westerners agreed to lift nuclear related sanctions on Iran in exchange for curbing the country’s nuclear program.
However, the leading European banks still appear reluctant to do business with Iran as they are worried about running afoul of the US regulations.