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Iran, China Poised to Develop Banking Ties

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati in a Tuesday meeting with Chinese Ambassador to Iran Pang Sen discussed ways to broaden banking relations between Tehran and Beijing.

Abdolnasser Hemmati and Pang Sen called for increasing economic ties between the two countries and accelerating the process of solving related banking problems.

The Chinese envoy said that his country is eager to boost strategic ties with the Islamic Republic in the long run, adding that different programs are on the agenda of the Chinese government in this regard.

For his part, Hemmati said that despite the US efforts to cut Iran’s financial relations, different countries are coming up with various solutions to continue and expand their banking ties with the Islamic Republic.

Iran and China are enjoying strong bilateral relations, and earlier in September, the two countries launched a 9,000-kilometer-long railway within the framework of new Silk Road Program between the two countries.

The new Iran-China railway used by cargo and service trains connects China's Inner Mongolia to the city of Bam in Southeastern Iran.

During the opening ceremony of the new railway, a cargo train moved from Inner Mongolia logistic and industrial town to the city of Bam. It is estimated to arrive in Bam in 15 days.

The train consists of 41 containers carrying equipment, machineries and car spare parts. The consignment is worth $1.5 million.

In another development, a cargo train left the city of Bayannur in Western Inner Mongolia for the Iranian capital city of Tehran.

The two railways are part of a larger rail network which is to connect China to the Europe via Iran.

News No: 2799
Date: 2018/12/04 - 16:29
News Source: FARS News Agency

China  CBI  Abdolnasser Hemmati 

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