Iran, Japan Seek Closer Banking Coop

The Central Bank of Iran and Japan's Financial Service Agency signed an exchange of letter on February 12 aimed at easing banking relations and promoting exchange of experience related to supervision.

Financial Tribune -The Central Bank of Iran and Japan's Financial Service Agency signed an exchange of letter on February 12 aimed at easing banking relations and promoting exchange of experience related to supervision.

The ceremony was attended by the Central Bank of Iran’s deputy for supervisory affairs, Farshad Heydari, a group of CBI executives and representatives from JFSA, including its director for international affairs, Masato Kanda, CBI's website reported.

"Since Iran and Japan have old ties in trade and in view of the capabilities of the two countries, the volume of our trade and business deals should increase," Heydari said, adding that the enhancement of bilateral banking relations is necessary for stronger commercial relations.

"Japan has worked with our banking system on banking supervision training and it is hoped that this cooperation will continue so that our banking system reaches global standards."

The CBI official noted that Japanese bankers should familiarize themselves with Islamic banking to develop their relations with Iran's banking system.

Feb 15, 2017
Financial Tribune |