CBI approves establishing offshore bank in free zones

INSUBCONTINENT EXCLUSIVE:
free zones have been obtained from the Central Bank of Iran (CBI) and international exchange will also be established in these zones, IRIB
affiliated with the CBI but is supervised by the bank; so, given its independence the shareholders can be foreigners and international
entities, the official added.Regarding the international exchange, Mohammad stated that good meetings have been held with the Securities and
Exchange Organization (SEO) and the two sides have reached an initial agreement.Foreigners are interested in entering the Iranian stock
market, and this encourages the companies that operate on the mainland today to upgrade themselves and provide good reports if they want to
offer their shares on the international stock exchange, Mohammad said.The official further mentioned the establishment of knowledge-based
job creation, the activities that take place in the free zones should be within this framework, he added.He put the total exports from the
worth of goods were also imported through the mentioned zones.EF/MA