<p dir="LTR"><span>TEHRAN TIMES - Central Bank of Iran (CBI) President Valiollah Seif said that Iran expects several credit lines to be opened for the country in near future, IRNA reported on Sunday.</span></p> <p dir="LTR"><span>Speaking at an inauguration ceremony in Tehran on Sunday, the official noted that there is a strong will among the country’s foreign trade partners for financing Iranian projects.</span></p> <p dir="LTR"><span> “Signing new financial agreements will provide a desirable atmosphere for boosting trade and creating new job opportunities inside the country,” he said.</span></p> <p dir="LTR"><span>Seif further mentioned finalizing a €15b agreement with China Development Bank (CDB) and said “hopefully we will sign a general deal in the upcoming days which covers all the financed projects to avoid signing separate contracts.”</span></p> <p dir="LTR"><span>According to the governor, the credit line will be used to fund a wide range of infrastructure and production projects in the country.</span></p> <p dir="LTR"><span>Chinese state-owned CITIC investment company allocated a $10 billion credit line to several banks in Iran.</span></p> <p dir="LTR"><span>Seif said in August that three European countries including Austria, Denmark and Italy are set to open €22 billion credit lines for financing projects in Iran which in addition to the €8-billion credit line to be secured by South Korea’s Eximbank the total value of loan deals will reach €30 billion after Iran’s nuclear accord in 2015.</span></p>