Foreign banks will soon be able to become part of Russia's money transfer network which serves as an alternative to the traditional SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, a Russian official said.
Governor of the Export Development Bank of Iran Ali Salehabadi said that Iran has had banking relations with 127 foreign banks in the post-JCPOA era, sending SWIFT to various banks worldwide.
The Central Bank of Iran has released the names of 40 registered banks and credit institutions active in the country, which include the names of five foreign banks mostly based in Tehran and Kish Free Trade Zone.
Iranian Foreign Minister Mohammad Javad Zarif voiced Iran's readiness to remove all foreign banks' concerns in the field of cooperation with Iran by obtaining letter of assurances from the special section of supervising sanctions in the US treasury.
Governor of the Central Bank of Iran Valiollah Seif said on Monday that after implementation of the Joint Comprehensive Plan of Action (JCPOA) over 5,800 Letters of Credit (LCs) have been opened up by foreign banks for Iranian businessmen.
Foreign banks have no problems for dealing with Iran, Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi said on Sunday.
