The governors of the Central Bank of Iran (CBI) and Brazil discussed the development of monetary and banking relations between the two countries, based on the mechanisms in the BRICS group.

Iran PressAfrica: On the sidelines of the annual meeting of the World Bank and International Monetary Fund in Morroco, Mohammadreza Farzin, CBI governor talked with a group of heads of the central banks of the region and the BRICS group about increasing monetary and banking cooperation.

Governor General of the Central Bank of Iran, in a meeting with Roberto de Oliveira Campos Neto, President of the Central Bank of Brazil, discussed the development of monetary, banking, and trade relations with Brazil.

Farzin said: "The trade and commercial capacities of Iran and Brazil, as well as the members of the BRICS group, show that with the increase in banking and monetary cooperation between the members, the trade between these countries will increase in the short term."

The president of the Central Bank of Brazil, for his part, said: "Considering the upcoming developments in the banking and international arena, the capacity of the BRICS group should also be used to create new monetary and banking cooperation mechanisms."

The annual meeting of the International Monetary Fund and the World Bank in 2023 is underway in Morroco. This is the first time in the last 50 years that these summits are held in the African continent.


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