Iran’s central bank to open accounts in Chinese EXIM Bank
Baku, Azerbaijan, Aug. 17
By Fatih Karimov – Trend:
Iran’s Central Bank (CBI) will open accounts in the Export-Import Bank of China (EXIM).
Based on an agreement with the Chinese side, the CBI will open two euro and yuan currency accounts in EXIM bank in order to facilitate the banking transactions, the CBI said Aug. 17.
The agreement, signed on the sidelines of an Iran-China joint economic commission session in Beijing, will prepare grounds for financing joint economic projects and boosting mutual banking cooperation.
Iran also signed two cooperation documents with China Development Bank (CDB) and EXIM bank on the sidelines of the joint economic commission on financing economic and infrastructural projects.
The deals cover the projects regarding various sectors, including transportation, power plants, telecommunications and industrial parks as well as oil and gas, healthcare, agriculture and tourism.
Heading a high-ranking delegation, Iran’s Economy Minister Ali Tayebnia arrived in China Aug. 15 to participate in the 16th meeting of the Iran-China joint economic commission.
China was the main importer of Iranian goods during the four-month period from March 20 to July 20. Beijing’s imports accounted for 18 percent of Iran’s total non-oil exports in terms of value and 26.75 percent in terms of volume.
Iran exported 11 million tons of non-oil goods, worth $2.937 billion, to China during the period.
Tehran also imported 1.382 million tons of goods, worth $2.94 billion, from China during the four-month period, indicating a fall by 16.47 percent and 16.97 percent in terms of value and volume, respectively.
China was the main exporter of goods to Iran in the mentioned period. Beijing’s exports accounted for 22.86 percent of Iran’s total imports in terms of value and 13.88 percent in terms of volume.