CBI, Coface reach agreement on settling debts

By John Lee.

The Central Bank of Iran (CBI) has reached an agreement with French export credit agency Coface to settle Coface’s debts to Iran.

According to Mehr News Agency (MNA), the debts date from the imposition of sanctions on Iran.

The agreement paves the way for the the restoration of business between the two countries.

Coface is now able to help and provide guarantees for Iran’s medium and long-term projects, in compliance with international rules.

(Source: Mehr News Agency)

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