Iran announces ‘new chapter’ in banking relations with Turkey
Tehran, Iran, April 9
By Mehdi Sepahvand - Trend:
In the post-sanctions era a new chapter will be opened in banking relations between Iran and Turkey, Central Bank of Iran Public Relations Director Hossein Yaghoubi said.
He made the remarks on the sidelines of the 25th Iran-Turkey joint committee meeting in Ankara, IRNA news agency reported April 9.
"With the plans made by the governments of the two countries to the effect that bilateral trade should rise to $30 billion a year, we have a clear message that in the new era the two sides should conduct new cooperation under international standards," the Iranian official said.
In recent exchange of meetings between Tehran and Ankara, the two governments announced their intention to rise bilateral trade to $30 billion per annum.
The trade turnover between the two countries was $13.71 billion in 2014 and $9.76 billion in 2015. Although the trade turnover dropped by 29 percent in 2015 compared to the preceding year, many observers believe that the decline came amid global economic crisis ruling out the role of the political disagreements.
"The emphasis here is being made that the unconventional interests that used to be charged by some [Turkish] banks under the sanctions, won't be tolerated anymore," Yaghoubi stated.
He official also pointed to the Turkish side's lack of proper knowledge about the JCPOA as casting doubt on their certainty to do business with Iranians.
Yaghoubi said the Iranian and Turkish central banks have agreed to launch a joint committee with banking associations on both sides.