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Iran, Syria discuss ease of banking ties

Iran, Syria discuss ease of banking ties

Iran and Syria on Monday discussed the ways to facilitate banking transactions between the two countries, Tehran Times daily reported.

Establishment of a joint bank was one of the issues raised in a meeting between Abdolnaser Hemmati, governor of the Central Bank of Iran, and the visiting Syrian Minister of Economy and Foreign Trade Mohammad Samer al-Khalil, in Tehran on Monday.


Expansion of banking ties between the two counties is a precondition for boosting bilateral trade, Hemmati was quoted as saying.


Iran and Syria signed an agreement here on Sunday for expanding bilateral economic cooperation in the long term.


The agreement was signed by Iranian Transport and Urban Development Minister Mohammad Eslami, and al-Khalil at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture.


On Monday, the Syrian minister underlined the important role of the central banks of the two countries to facilitate trade ties in line with materializing the objectives of the agreement on economic cooperation.