News ID: 316622
Published: 0239 GMT September 25, 2021

CBI ready to support Iran-Sri Lanka trade ties: Governor

CBI ready to support Iran-Sri Lanka trade ties: Governor

The governor of the Central Bank of Iran (CBI) said on Saturday that the bank is ready to provide necessary financial mechanisms for financing trade transactions between Iran and Sri Lanka.

Making the remarks in a meeting with Sri Lankan Minister of Power, Energy and Business Development Udaya Gammanpila in Tehran, Akbar Komeijani said: The expansion of trade and banking relations between Iran and Sri Lanka is possible if based on the financing of exports and imports between the two countries and the provision of direct and indirect payment mechanisms,” IRNA reported.

The CBI official said: "Sri Lanka is expected to support Iran's interests in international arenas as an independent country."

Komeijani added: "Expanding trade relations and mutual exports and imports, as well as resolving financial issues between the two countries based on understanding and negotiations are on the agenda, and this meeting can be the first step for the development of trade and banking relations between the two countries.”

The CBI governor suggested the formation of a working group comprising Sri Lankan and CBI experts, businessmen, and other economic actors to pave the ground for expansion of cooperation and to resolve debt settlement issues.

The Gammanpila, for his part, expressed his countrys willingness for the expansion of cooperation with Iran despite the U.S. sanctions.

Despite the limitations, we are interested in expanding mutual trade and using all available capacities to advance the interests of both parties. Sri Lanka welcomes all proposals and operational solutions in this regard,” he said.


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