Minister of Industry, Hussein Hajj Hassan, on Monday pursued his visit to the Islamic Republic of Iran, where he held a meeting with the Governor of Iran’s Central Bank, Valiollah Seif, along with his accompanying delegation.
Talks between both sides reportedly touched on the best means to boost and sustain relations between Lebanese and Iranian banks and to eliminate impediments hindering financial transaction from and to Iran. Both sides deemed this a substantial step en route to advanced trade and economic relations between both countries, not to mention a guarantee and an incentive to investors.
“Iran’s Central Bank is exerting relentless efforts to ensure proper grounds for beefing up bank transactions with foreign countries,” Governor Seif said, reiterating the Iranian President’s keenness on bolstering economic and trade ties with Lebanon, and to facilitate trade exchange with the Lebanese.
Hajj Hassan and Seif proposed the preparation of a Memorandum of Understanding between the Iranian and Lebanese Central Banks, to be later studied by concerned authorities. The MoU is to include an item that suggests opening an Iranian deposit account in the Lebanese Central Bank to guarantee Lebanese investments in Iran. The MoU will also include an item which will facilitate the use of credit cards in both countries, as well as an item which suggests the establishment of a joint Lebanese-Iranian bank.
Also, the pair stressed the importance of seizing the opportunity to make use of all the available options to enhance relations in a way where Lebanon becomes a hub to export Iranian products to Arab countries and North Africa; also, Iran becomes a hub to export Lebanese products to Central Asia.
On another level, Seif said that his country was endeavoring to endorse a series of legislations against money laundering and financing terrorism.
Source: National News Agency