The vice chairman of the Iran-China Joint Chamber of Commerce announced the start of the official Iranian-Chinese banking exchanges after a 60-day-long stop, saying: From Monday Dec. 10th, 2018, these interactions will resume through Kunlun Bank.
According to PIMI reporters, quoted by domestic media, Majid Reza Hariri, referring to a general agreement between Iran and China to resume banking transactions through Kunlun bank, said that: “After 60 days of suspension of Iran-China banking interactions, from the following day (Monday, December 10th), the transfer process will be resumed for traders of both sides.
Vice-chairman of Iran-China Joint Chamber of Commerce added: “An agreement was reached between Iran and China on resumption of trade through Kunlun bank since Friday, which will begin tomorrow due to the weekend in China. So, he added: “Iranian and Chinese businessmen from now on, can handle their own banking without any problem. He stressed that: “in accordance with the new process of banking interactions between Iran and China” the Iranian people living in China, including the Government and company staff, students and residents of the country, are not subject to this opening in Iran-China banking relations. “This banking line is only opened to both countries’ trade transactions and nothing else.
Hariri said, “Iranians living in China, such as other Iranians residing in other countries with an Iranian passport, can not engage in this banking transactions for converting money or opening accounts at Kunlun bank, because this is not in accordance with the international conventions on Iran and their banking connections,”
He also said: “Given the fact that we have more than $ 1 billion worth of trade with China each month, it’s possible that a 60-day standstill in these banking communications may cause several days of disturbances in the early days of the resumption of banking relationships. But there is no worry for traders, because tomorrow, in addition to the daily operations of the Chinese bank, 60-day shutdown operations should also be handled by Kunlun, which may be due to the bank’s daily routine of banking operations. At the first days, slowly.
He called on Iranian businessmen to engage and cooperate with the Iranian brokers, because within 10 days this slowdown will be resolved in accepting new cases.
