Tehran, Dec 27 (SocialNews.XYZ) Iran and Syria are planning to establish a joint bank to facilitate bilateral trade cooperation, a top official said here.
"We are also trying to create an internal SWIFT (mechanism) between the Central Banks of Iran and Syria in order to counter the (western) sanctions," Xinhua news agency quoted Gol Mohammadi, a senior member of the economic development headquarters of Iran, Iraq and Syria, as saying on Saturday.
This plan is in the final stage which will resolve problems of money transfer between Iran and Syria, he added.
Earlier, Abdolnaser Hemmati, the governor of Central Bank of Iran urged the Syrian side to remove obstacles in this regard, saying that the joint bank would help promotion of economic collaboration.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
