Oman, Iran central banks sign pact

Tehran: Central banks of Oman and Iran signed a memorandum of understanding on Sunday.
Earlier, Sayyid Badr bin Hamad bin Hamoud Al Busaidi, Secretary General of the Foreign Ministry met with Morteza Sarmadi, Deputy Foreign Minister of the Islamic Republic of Iran.
Sayyid Al Busaidi also met with Dr. Valiollah Seif, Governor of the Iranian Central Bank.
The meetings dealt with areas of the bilateral cooperation to serve efforts of promoting the trade exchange and encouraging investment.
Several meetings and consultations were held between members of the Omani delegation and their Iranian counterparts in the monetary and banking sectors.
The meetings dealt means of enhancing the banking relations between the two
countries.
In this framework, a memorandum of understanding was signed between the central banks of the two countries. It was signed on behalf of the Sultanate by Hamoud bin Sangour Al Zadjali, Executive President of the Central Bank of Oman (CBO), whilst it was signed from the Iranian side by Dr. Valiollah Seif, Governor of the Iranian Central Bank.
The delegation accompanying Sayyid Badr comprises Hamoud bin Sangour Al Zadjali, CBO Executive President and a number of CEOs of the Omani banks. -ONA