Syria and Iran Agree to establish a Joint Banking Committee

(ST) – Governor of the Central Bank of Iran Abdul Nasser Hemti and Governor of the Central Bank of Syria Dr. Hazem Qarfoul discussed in Tehran today ways to expand and strengthen banking relations and the establishment of a joint bank and the implementation of bank agreements which are signed between the two countries and  the facilitation of the activities of businessmen and economic activists.

During the meeting on Monday, the two sides agreed to establish a joint banking committee comprising representatives of the banks of the two countries and under the auspices of the central banks in Iran and Syria to follow up the implementation of the memorandums of understanding signed between them.

The Governor of the Central Bank of Syria expressed Syria’s willingness to cooperate with Iranian banks, and welcomed the transfer of Iranian technological expertise to Syrian banks.

Qarfoul pointed that all obstacles in the field of banking relations between the two countries should be overcome he said, “These relations are on track and contribute to achieve aspirations on the development of banking cooperation between Iran and Syria.”

Qarfoul pointed out that the results of the current talks would motivate Iranian and Syrian banks and companies to establish more cooperation among them, stressing the dedication of efforts to implement the agreements signed between the two countries accurately and quickly.

For his part, Hamti noted the memorandums of cooperation concluded between the central banks in Iran and Syria, and looked forward to taking measures by the banks of the two countries to implement these agreements in a way that enhances bilateral economic relations.

He stressed the full support of efforts aimed at developing cooperation between Iranian and Syrian banks, saying that economic relations between the two countries have entered a new stage.

The meeting was attended by Counselor of the Syrian Embassy in Tehran Firas Al-Shenta and Economic Attaché Ali Khamis.

Raghda Sawas