Reported by: banking|Updated: March 14, 2017
Iran and Oman have agreed to boost cooperation in the banking sector. The governors of the central banks of the two countries Valiollah Seif of Iran and his Omani counterpart Hamood Sangour al-Zadjali have signed a MoU in this regard. Apart from the governors of the both central banks, deputy foreign minister of Oman Badr bin Hamad Albusaidi and representatives of a number of commercial banks of the two countries were present. Seif said that political relations between the two countries are age-old, but their economic ties are not expanded as much as their political one. He said that banking relations is a prerequisite for trade and economic ties, adding that such meetings will be held every six months between the two groups so that all possible problems and obstacles to be considered.