Iranian banks linking with 286 foreign partners 2 years after JCPOA

TEHRAN TIMES – Two years after implementation of the Joint Comprehensive Plan of Action, the international agreement on Iran’s nuclear program, in January 2016, Iranian banks has established banking relations with over 285 banks worldwide, IRNA reported on Saturday.

Before the West-imposed sanctions hit the country’s banking system, Iranian banks were linked with over 633 foreign partners. However, influenced by the embargo, the number had fallen drastically to 30 banks in 2015.

As reported, currently Iranian banks have established relations with banks all around the world including Italy, Spain, Germany, France, Belgium, Austria, Russia, Turkey, China, Japan, South Korea, India, Iraq and Oman.

Date : Sunday 7 January 2018 / Subject : International News - Banking System News / Source : Tehran Times