Chinese bank to back Iran-China transactions as of Dec. 2

November 29, 2018

TEHRAN- A Chinese bank is to support banking transactions between Iranian and Chinese businessmen as of December 2, the Iranian head of Iran-China Joint Chamber of Commerce announced.

As Tasnim news agency quoted Asadollah Asgaroladi as saying on Wednesday, regarding that Iran’s exports of oil to China will be commenced in few days and China will pay for the oil cargos almost in a month, China is to introduce its second bank for conducting financial transactions with the Iranian side.

HJ/MA

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