English | دری

Afghanistan central bank calls for banking ties with Iran

in Afghan Business

Afghanistan central bank calls for banking ties with Iran

Governor of the Central Bank of Afghanistan (Da Afghanistan Bank-DAB), Khalil Sediq, called for regulating banking ties with Iran to develop trade.

In his meeting with Governor of Central Bank of Iran Valiollah Seif, Sediq said major portion of transactions of the extensive Afghan-Iran trade take place outside the banking system.

He called for a mechanism to channel trade to the banking course to prevent risk for Iranian and Afghan businessmen.

For his part Seif said Afghanistan and Iran carry out trade through cash and traditional money exchangers  and a banking system is needed to upgrade volume of exchanges.

“Extensive trade between Iran and Afghanistan should be further promoted through banking ties and we seek expansion of the brokerage ties between banks of the two sides so as to minimize the trade risk,” IRNA quotes Seif.

According to statistics released by the Islamic Republic Customs Administration, Iran’s exports to Afghanistan stood at $1.16 billion in value in the first half (March 20-September 20) of the current Iranian year of 1395 (started on March 20), while importing $10.66 million worth goods.


Tags assigned to this article:
Afghanistan TradeAfghanistan-Iran

Related Articles

Afghanistan to disassemble 70,000 Right-Hand Drive Cars

The 70,000 right-hand drive vehicles registered with the Traffic Department will be collected and disassembled following the decision of the

Afghanistan to request for more aid in the next NATO summit

Afghan government officials conferred on finalizing the agenda for the upcoming North Atlantic Treaty Organization (NATO) summit that is due

Afghanistan’s economy to dwindle post 2014- Senior US Official

The Director of National Intelligence (DNI) James R Clapper said the Afghan economy is likely to shrink after the withdrawal

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.