TEHRAN – Iran and Indonesia’s central banks signed a memorandum of understanding on Monday to expand banking cooperation, Central Bank of Iran (CBI)’s Public Relations Department reported.

The MOU was signed by CBI Governor Valiollah Seif and Indonesian Coordinating Minister for Economic Affairs Darmin Nasution in Tehran.

In the signing ceremony Seif emphasized the importance of good banking relations as a prerequisite for development of economic cooperation.

The Indonesian official for his part expressed hope that signing this MOU would be a first step toward facilitating economic relations especially in monetary and financial areas.

Indonesian Coordinating Minister for Economic Affairs Darmin Nasution, heading a major economic delegation, accompanied by the Indonesian Deputy Energy Minister Arcandra Tahar, visited Iran on Monday and Tuesday. 

During his stay in the country, the official discussed expansion of mutual economic cooperation with a number of Iranian ministers and senior officials including Communications and Information Technology Minister Mahmoud Vaezi and Oil Minister Bijan Namdar Zanganeh.

EF/MA