News ID: 280072
Published: 0306 GMT January 29, 2021

Envoy calls for setting up a joint bank between Iran, Kazakhstan

Envoy calls for setting up a joint bank between Iran, Kazakhstan

The Kazakh ambassador to Iran called for setting up a joint bank between the Islamic Republic of Iran and Kazakhstan.

Askhat Orazbay noted that unjust and unilateral sanctions imposed on Iran should be lifted, reported Mehr News Agency.

Setting up a joint bank between Iran and Kazakhstan, as well as launching a bartering system between the two countries, is mandatory, he added.

As long as sanctions are not lifted, the two countries should focus on the products that are not subject to sanctions, the envoy stipulated.

Turning to the effects of sanctions, he said that sanctions have reduced the level of trade and business between the two countries enormously, adding, “Under such circumstances, customs duties on the products that are not subject to sanctions should be reduced.”

He lashed out at the lack of a banking system between Iran and Kazakhstan and reiterated, “Lack of an integrated banking system is one of the main problems between the two countries, so that it is proposed to set up a joint bank between Iran and Kazakhstan.”


 

   
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