Syrian-Iranian Banking Agreement signed

Economy & Aftermath

On Jul 30, 2013

TEHRAN,(ST)_ An agreement on banking arrangements was signed yesterday between the Central Bank of Iran and the Central Bank of Syria to implement the US $ 6.3 billion oil credit line to Syria from Iran.

The agreement, which was co- signed by governors of the central banks of Syria and Iran, Dr. Adib Mayaleh, Dr. Mahmoud Bahmani, respectively states the Syrian side to refund ,the value of oil supplies , from Iran in a form of Iranian investments in Syria in various fields.

On Sunday, Syria ‘s oil minister Suleiman Abbas discussed with his Iranian counterpart, Rostam Ghasemi in the presence of Dr. Mayaleh the implementation of agreements pertinent to oil and gas supplies to Syria and relevant credit line and joint efforts to overcome economic sanctions and eliminate the consequences of the blatant war targeting the Syrian people living and economy.

T. Fateh

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