Saturday, 26 November 2016

Iran and Afghanistan to regulate banking ties

The Governor of the Central Bank of Afghanistan (Da Afghanistan Bank-DAB) called for regulating banking ties with Iran to develop trade.
In his meeting with the Governor of the Central Bank of Iran he said that major portion of transactions of the extensive Iran-Afghan trade take place outside the banking system. He called for a mechanism to channel trade to the banking course to prevent risks for Afghan and Iranian businessmen & businesswomen. Iran and Afghanistan are trading through cash payments and traditional money exchangers, and a banking system is needed to upgrade the volume of exchanges.“Extensive trade between Iran and Afghanistan should be further promoted through banking ties and we seek expansion of the brokerage ties between banks of the two sides so as to minimize the trade risk,” said the Governor of Iranian Central Bank.

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