Sat, 02 Dec 2023

TEHRAN, Sept. 27 (Xinhua) -- Iran and Qatar on Wednesday agreed to start banking operations to enable Iran to use its recently unfrozen funds transferred to Qatari banks, Iran's official news agency IRNA reported.

In a meeting in the Qatari capital of Doha, Governor of the Central Bank of Iran Mohammad Reza Farzin and his Qatari counterpart Bandar bin Mohamed bin Saud al-Thani also discussed ways to expand bilateral financial and banking relations.

The two governors pointed to their countries' numerous economic capacities and diverse opportunities for expanding bilateral trade cooperation, highlighting the necessity for promoting financial and banking cooperation with each other, according to IRNA.

On Sept. 18, Farzin said the Iranian assets previously frozen in South Korean banks, amounting to around 5.94 billion U.S. dollars, have been transferred to six Iranian accounts in two Qatari banks.

The unfreezing of the Iranian assets was part of a Doha-brokered agreement between Tehran and Washington, under which the two sides also swapped 10 prisoners, with each side releasing five.

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