Iran asks France to remove obstacles in banking ties
By Nigar Abbasova
The Central Bank of Iran (CBI) offered France to take effective measures to remove existing obstacles in banking ties.
Head of CBI, Valiollah Seif made the request while addressing the meeting with the President of French National Assembly, Claude Bartolone, who arrived in Tehran on September 5 to discuss with Iranian officials the current situation in the region, as well as bilateral relations of Iran and France.
Seif called on the improvement of banking ties between the countries, mentioning that banks of Italy, Austria, and Germany have already resumed cooperation with Iranian colleagues, while banking system of France treats the issue with caution.
He further said that some three Iranian banks got permission for implementation of their activity in France emphasizing that French officials should encourage banks of the country to strengthen cooperation with Iranian credit organizations.
Iran was locked out of the global financial system for a long period of time due to sanctions, imposed on the country. Despite international sanctions were lifted after a nuclear deal signed with world powers major banks remained fearful of working in Iran.
French banks have been also reluctant to ink deals with Iran, as Paris-based BNP Paribas (one of the leading French banks) was earlier fined by some $9 billion, in connection with the violation of sanctions.
Iran's Industry Minister Mohammad Reza Nematzadeh, earlier said there were no longer obstacles to keep French banks from doing business with Iran and called the country to overcome its wariness about doing business with the country.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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