The central banks of Iran and Syria are creating domestic Swift
Iran and Syria are planning to establish a joint bank and domestic Swift in order to expand and deepen bilateral trade cooperation, facilitate money transfers between the two countries and circumvent international sanctions.
According to the International Iranian Stone Exhibition, a senior Iranian official said that Iran and Syria are planning to establish and expand bilateral trade cooperation, facilitate the transfer of money between the two countries and circumvent international sanctions. They are a joint bank.
"We are also working to counter sanctions, an internal swift mechanism between the central banks of Iran and Syria," Golmohammadi, a senior member of the Iran-Iraq-Syria Economic Development Headquarters, told China's state-run Xinhua news agency. create.
This Swift mechanism will enable Tehran and Damascus to send and receive money between the two countries quickly, easily and accurately.
According to the report, the main advantage of this method is bypassing the sanctions imposed on both countries by Western countries, especially the United States.
Central Bank of Iran Governor Abdul Nasser Hemmati is said to have called on Syria to remove obstacles to the establishment of a joint bank.
News of the establishment of a joint bank between Iran and Syria comes as the United States imposed new sanctions on the Syrian central bank last week.
Meanwhile, the economic crisis in Syria is deteriorating, and basic commodities such as wheat and fuel are in short supply, and food prices have risen sharply.
* Tasnim
