CBI Governor Leaves for Moscow to Strengthen Monetary-Banking Ties
TEHRAN (Tasnim) – The governor of the Central Bank of Iran (CBI) left Tehran for Moscow on Tuesday at the head of a technical delegation to boost banking-monetary cooperation with Russia and bolster ties within the framework of a Free Trade Agreement (FTA) inked between Iran and EAEU members.
CBI Governor Mohammad Reza Farzin will hold talks with Governor of the Central Bank of Russia Elvira Sakhipzadovna Nabiullina and other officials of the country during his visit to Moscow.
Deputies governor of the Central Bank of Iran for International and Economic Affairs and CEOs of Bank Melli Iran and Bank Sepah accompany Farzin in this visit.
After more than three and a half years of negotiations, Iran and member states of the Eurasian Economic Union (EAEU) clinched an FTA in St. Petersburg on Monday on the sidelines of the meeting of the Supreme Eurasian Economic Union Council.
Upon the implementation of this agreement, the tariff rate of 87 percent of trade goods between Iran and the EAEU member states will be minimized to zero.