Iran to open 2 credit lines in S. Korea, Turkey
TEHRAN- Iran plans to open two credit lines in South Korea’s Exim Bank and a bank in Turkey in near future, worth €175 million, to back imports from the named countries, IRNA quoted the managing director of Export Development Bank of Iran (EDBI) on Saturday.
According to Ali Salehabadi, the intended credit in Korean bank is valued at €100 million, while the one in the Turkish bank is €75 million.
As he underscored, no dollar-based credit line will be opened
SOURCE:TEHRANTIMES