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Tehran eyeing co-op with int’l insurance companies

Tehran eyeing co-op with int’l insurance companies

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Date: 13 January 2016 09:52

Tehran, Iran, Jan. 11

By Khalid Kazimov – Trend:

Tehran has held talks with three international credit insurance companies, including Sace, to cooperate in the country after the removal of international sanctions, said an Iranian official.

“I hope the issues regarding the credit insurance companies will be settled out prior to President Hassan Rouhani’s visit to Italy and France,” Tasnim news agency quoted Abdolrasoul Dori Esfahani, Iranian financial official and a member of nuclear negotiation team, as saying Jan. 11.

Following Paris deadly attacks in November, President Rouhani postponed his planned visit to Italy and France, which was supposed to be his first Europe trip as Iranian president since he assumed office in 2013.

Esfahani further mentioned that Iran’s Central Bank has made efforts to establish correspondent banking relations with international banks over the past three months.

He also pointed to the currency fluctuation in the country and speculated that the US dollar rate against Iran’s rial will fall after the removal of sanctions.

Iran expects international sanctions to be lifted in early 2016, as it is adhering to the terms of a July nuclear deal clinched between Tehran and the world’s six major powers.

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