November 28, 2018 11:05
News ID: 3484

(Persia Digest) – The heads of Iranian and Chinese Chambers of Commerce have announced that the banking hurdles for Iranian businessmen working with China have been resolved.

Asadollah Asgaroladi added: “A Chinese bank will begin interaction with Iran as from 2 December 2018.”

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China cuts banking ties with Iran

China to continue economic ties with Iran

China, Iran set up new banking system

He said oil sales to China will begin next week and will be paid for within the next month, adding: “China will introduce a second bank within the next month for transactions with Iran.”

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The dollar will be eliminated from Iran-China trade

Iran opens second commercial center in China

China-Iran business as usual, no harm to other countries

Persia Digest (PD) reported that the People's Bank of China (PBC) had placed Iranian banking and financial establishments at the top of the list of high-risk countries for non-membership in the FATF. As a result, Chinese banks refused to provide facilities for Iranian real and legal personalities in this country. Beijing announced later that it intends to provide a new banking system to continue work with Iran.

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