Syrian delegation discusses with the governor of the Central Bank of Iran the enhancement of monetary and banking cooperation

The Syrian economic delegation in Tehran, led by Minister of Economy and Foreign Trade Muhammad Samer Al-Khalil and the Governor of the Central Bank of Iran Mohammad Reza Farzin discussed during a meeting on Thursday the measures taken recently in the monetary and banking sector in a way that serves the development of economic cooperation between the two countries.

Minister Al-Khalil explained that the development of banking cooperation is a basis for developing commercial and investment cooperation, noting the accelerated and important steps that have been taken within the framework of implementing the directives of the presidents of the two countries, especially in terms of establishing the joint bank and the clearing and barter mechanism, stressing the importance of dealing in national currencies in a way that contributes to Increasing the volume of trade exchange, which will reflect positively on the investment side as well, especially since work on the insurance side has taken an accelerated and positive dimension too, as two insurance companies will be established in the near future.

Minister Al-Khalil explained that the agreements between Syria and Iran in various fields are progressing at a very good level, noting that the important goal is to reach a result in all matters related to economic issues between the two countries, by following up on decisions to serve the common interest.

For his part, Reza Farzin stressed the need to develop banking, economic and commercial cooperation between the Islamic Republic of Iran and Syria, pointing to the development achieved by electronic banks and the Iranian card network, and the readiness of the Central Bank of Iran for joint cooperation in this field with Syria.

NR