(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.”
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.”
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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