Iran’s export bank connected to 42 foreign countries
Tehran, Iran, November 20
By Mehdi Sepahvand –- Trend:
Export Development Bank of Iran is currently connected to partners in 42 countries, the bank’s Director of International Affairs Hamid Reza Mabudi said.
However, he noted, banking ties with US counterparts are still severe, ISNA news agency reported November 20.
Mabudi said that Iran’s dollar accounts in foreign countries have been opened following the implementation of the Joint Comprehensive Plan of Action (JCPOA).
“After the JCPOA, as the first step, the country’s banking system was connected to the world system SWIFT, paving the way for Iranian banks, Export Development Bank in particular, to establish connections with banks across the world,” he said.
“However, having banking connections is not enough per se to carry out banking transactions,” he said. “What is needed is to open accounts with different banks.”
“At present, Iranian people or banks are not restricted in having dollar accounts around the world,” he said. “They can have dollar accounts in foreign banks, but the payments that are made in the dollar should not be carried out by US banks.”