In a meeting between Governor of the Central Bank of Iran (CBI) Mohammad-Reza Farzin and Minister of Foreign Affairs of Sri Lanka Ali Sabry in Tehran, the two sides stressed the need for the development of monetary and banking relations between the two countries as a prerequisite for the expansion of bilateral economic ties.
In the meeting, Farzin referred to the important role of the Asian Clearing Union (ACU) in the development of trade relations between the two countries, saying: “The ACU is a very suitable platform for the development of trade and monetary relations between the two countries and this platform can also be used to settle payments.”—Tehran Times
