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200 Foreign Banks Start Business with Iran

The Central Bank of Iran (CBI) has said some 200 foreign banks have so far forged business ties with Iran since the implementation of a lasting nuclear deal between Tehran and world powers in January. “Two hundred small and medium-sized international banks have started correspondent relationships with Iranian banks,” CBI said in an emailed response […]

Italy extends $5bn Credit Line and Export Guarantees to Iran

During the visit of Italian Prime Minister Matteo Renzi to Iran, Italy’s Cassa Depositi e Prestiti (CDP Group), along with SACE and SIMEST, has announced that it is supporting Italian exports to Iran through a series of common integrated initiatives: € 4 billion in credit lines issued by CDP under the “export bank” system to […]