China’s Bank of Kunlun has begun its activity in the Islamic Republic of Iran.


Iran press/Iran news: Vice Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Pedram Soltani on Thursday revealed the start of activity of China’s Bank of Kunlun in Iran.

In his twitter account, he wrote, “China’s Bank of Kunlun has announced that it will continue its banking transactions with the Islamic Republic of Iran by the end of the current year in 2019 only using Chinese ‘yuan’ and with full observation of US sanctions with regard to the goods, real and legal entities, transport companies and banks,”Mehr news agency repirted.

China’s Bank of Kunlun is the only Chinese bank that cooperates with the Islamic Republic of Iran, he added. 213/

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