TEHRAN – Iran and Oman central banks have reached agreements on expansion of mutual banking cooperation, IRNA reported on Tuesday.

Among others, the two sides agreed to connect their banking payment networks through their switch systems.

It was also decided that Iran’s Saderat and Melli banks to open branches in Oman to facilitate collaboration.

The agreements were discussed during Central Bank of Iran (CBI) Governor Valiollah Seif’s travel to the Arab country on Monday.

EF/MA