Introducing a new money transfer tool with Russian banks

According to the economic correspondent of Fars news agency, the 15th international exhibition of the country’s financial industry (stock exchange, bank and insurance) started today at the exhibition site of Tehran. At the opening ceremony of this exhibition, Seyed Ahmadreza Alaei, the CEO of Iran International Exhibitions Company, expressed the importance of introducing modern tools in the country’s financial industry and said: According to the agreements we have had with Russia, a new financial tool was introduced today after a year of mutual efforts in this exhibition to transfer money between economic actors. Two countries will be unveiled.

He said: The instrument of bank guarantee between Pasargad Bank and Uzburbank of Russia, as well as the opening of a domestic credit line, will be unveiled at the Stock Exchange, Bank and Insurance Fair, where the economic actors of the two countries can do business with their national currency.

According to the head of Iran Exhibitions Company, this exhibition, with a 200% increase in the number of participants compared to the previous year, this year witnessed the presence of 136 companies in the fields of stock exchange, banking and insurance, of course, the number of booths created is 260 companies.

He said that one of the features of the 15th financial industry exhibition of the country is the introduction of new technologies in the field of financial instruments, as well as the introduction of numerous creations and new startups in the field of financing.

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