Karafarin Bank hosted 32nd meeting of Private & Public Banks’ Managing Directors

This meeting which was held in the headquarters of Karafarin Bank, was in presence of Dr. Talebi as CBI’s Secretary-General, Dr. Hosein Zadeh as the Head of Bank’s and Credit Institutes’ Coordination Council, Dr. Parvizian as the head of Banks and Credit Institutes’ High Council, managing directors of private and state-owned banks and credit institutes as well as some experts of banking industry, Karafarin Bank Public Relations reported.
Having welcomed CBI’s senior directors and managing directors of private and public banks the managing director of Karafarin Bank, Mr. Hamid Tehranfar, stated: ‘Under current conditions Iranian banks and credit institutes are undergoing special conditions. Unfortunately, the US Treasury Department has declared a new list of sanctions, as a result of which, overseas banking operations of Iranian banks face new challenges. Hence, in order to overcome such challenges under these special conditions, it is vitally important that bank managers to be coordinated with one another. Fortunately, this meeting was held immediately after the announcement of the new list, which demonstrates the wisdom of the Bank & Credit Institutes Coordination Council officials.
In this meeting which was held to evaluate the methods of foreign exchange in cash, Foreign Exchange in Cash System (bank notes) was introduced by CBI’s experts. Managing directors of banks and credit institutes welcomed this system and made suggestions as to how it should be implemented.