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EghtesadOnline: Export Development Bank (EDB) of Iran, expanding its relations with other countries, has established brokerage ties with 105 foreign banks from 42 countries.

EDB of Iran established brokerage ties with some 64 banks from 20 European countries, 36 banks from 17 Asian countries, 4 banks from Africa and 1 bank from Latin America, according to IRNA. 

In foreign exchange, Asian countries, namely China, South Korea, India, Oman, Qatar, Turkey can exchange currencies by euro, yuan, won, rupee, Omani rial, yen and Turkish lira. 

European countries, namely Germany, Austria, Italy, Belgium, Switzerland and France also would be able to exchange euro and franc. 

Export Development Bank of Iran has re-established Society for Worldwide Interbank Financial Telecommunication (SWIFT) relations with some target banks in the world and is exchanging brokerage documents with some other banks.

Iran Banking EDB Export Development Bank