TEHRAN (CBI PR dept) ـThe governor of the Central Bank of Iran and the Vice-Chairman of the Chinese People's Political Consultative Conference emphasised the extension of banking cooperation between the two countries, less dependency on dollar and more reliance on local currencies in trade deals as the common chapters for Iran- China banking relations.

in his meeting with Chen Yuan, Valiollah Seif pointed to his latest trip to China and his negotiations with banking authorities of that country. He expressed hope that the existing obstacles on the way to expansion of banking relations between Iran and china would be removed soon.

Pinpointing the strategic and friendly relations between Iran and china, Seif added that any facilitation in the banking relations between the two countries would play a crucial role in the economy of Tehran and Beijing and any kind of improvement would lead to positive consequences.

He also mentioned that banking relations of Iran were constrained to 35 banks during sanctions. "However, after the JCPOA there's been a substantial improvement in banking relations and at the moment Iran holds banking correspondence relations with more than 250 banks all over the world", he added.

Elaborating on the latest measures taken regarding the monetary deals and reduction of dependency on dollar, the governor of the Central Bank of Iran said that monetary agreement would play a significant role in the expansion of trade and banking relations between Iran and China and the related negotiations have been made in this regard with the governor of the Central Bank of China. "Experience and the efforts made by China in order to make Yuan a global currency can serve as a good model for other countries. On our part, we have also taken very positive measures to reduce dependency on dollar", he said.

Dr. Seif also mentioned some issues regarding the banking problems that Iranian economic activist and students are suffering from in China and he asked his counterparty to consider the issues.

Chen Yuan emphasised that the reduction of banking relations between Iran and china were due to the sanctions and fortunately after JCPOA there exist better capacities to develop these relations. He welcomed more transaction between the banks of Iran and China and added that development of banking relations was the main requirement for more interaction between the two countries. "At the time being, the trade relations between the two countries remain at a satisfactory level; however, there are some problems which would be removed by the efforts of the two countries", he said
Chen Yuan promised to pursue and find solutions for the banking problems that Iranian students and economic activists are facing now.

He criticized the unfair international payment system and said, "Provided that the dominance of some developed countries on international payment instruments is removed, the entire world will have better conditions. This requires some time and, of course, actions and planning by other countries". Pointing to Euro as a common currency he mentioned, "There is a possibility to introduce a common currency between countries which is not monopolized by a particular country".

The Vice-Chairman of the Chinese People's Political Consultative Conference expressed his happiness due to removal of nuclear sanctions. He mentioned that JCPOA provides an optimal opportunity for the better expansion of banking and trade relations between the two countries. He stressed that he would use all his powers to enhance and develop these relations.