A banking cooperation MoU on AML, CFT, bilateral monetary treaties and settlements in national currencies was signed by Kamiab, vice governor of foreign exchange affairs from the Central Bank of Iran and Dmitry Skobelkin, Deputy Governor of the Central Bank of Russian Federation.
 

According to CBI PR dept, this MoU was signed on the sidelines of the 4th Meeting of the Financial and Banking Cooperation Working Group between the banking systems of Iran and Russia which was held in CBI with the presence of both Iranian and Russian central bank representatives.

In this meeting, Kamyab welcomed the Russian delegation and said: "In the post-sanction era and after holding some meetings, the way is now paved for expansion of banking ties between the two countries, since it is only through these expansions that the volume of trade can be increased between the two nations."
"Without extensive and efficient banking ties, trade and economic operations are not possible. Holding such meetings can develop banking relations between the two countries and provide the necessary conditions to start projects in the fields of Information Technology, Electricity Supply, Petrochemical, and peaceful energy" He added.
"After the implementation of JCPOA and lifting of sanctions against the Iranian banking system, banking transactions can be done without any limitations and in all currencies except US Dollar. Therefore Iranian banks are more willing to develop international banking ties" Said Kamiab pointing out the positive results of JCPOA.

Kamiab asked for the removal of barriers to expand of banking ties and said:"In this regard, measures taken are not enough. It is expected that these negotiations ease transfers. Also conditions of opening accounts at the two parties' banks have to be reviewed”.
Kamiab referred to the quality of Iranian national banking cards switch and said: "Iranian experts designed and implemented the national banking cards switch which is in conformity with international protocols and standards and its international connection is within the framework of our general policies in central bank. So our experts can begin the technical negotiations."
" Russian Federations is one of our most reliable partners in various fields, and undoubtedly, the realization of these goals will deepen trade ties between us" he continued.
Also in this meeting, Dmitry Skobelkin thanked the CBI for hosting and said: "CB governors of the two countries expressed their willingness for deepening banking relations."
"After international sanctions against Iran were lifted, the Russian Central Bank focused most of its attention and efforts on the development of trade and economic relations with Iran. We also contributed to the development of bilateral investments in accordance with the economic capacities of the two countries" he added.
According to Skobelkin, improvement of financial security and facilitation of settlements will be beneficial for both the legal entities and individuals. He also stressed on cooperation of CBs regarding connecting the two countries’ payment systems.