Indian bank officials promise to ease Iranian transactions
Azerbaijan, Baku, May 10/Trend M. Moezzi
Indian banking officials have promised to work on resolving the issues that could affect Iran-India financial transactions.
The promise was made during an Iranian trade delegation's four-day trip to India, the afkarnews.ir website reports.
The delegation's leader, Yahya Ale-Eshaq, Chairman of the Tehran Chamber of Commerce and Industries and Mines (TCCIM), bank officials at meetings provided the Iranians with an opportunity to clearly discuss the issues with bank officials.
Indian Central Bank deputy director for foreign exchange and top managers from four of Indian largest public and private banks met with Iran's delegation and agreed to review the issues including opening letters of credit, the mechanism for payments in rupees, and exchange rates for students.
In his speech, Ale-Eshaq emphasized expanding non-petroleum trade between Iran and India from $4 billion to $10 billion as soon as possible.