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    Iran Central Bank, French Credit Insurer Agree on Debt Settling

    © AFP 2017/ BEHROUZ MEHRI
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    The Central Bank of Iran (CBI) and the French credit insurance company Coface have agreed on settling debt issues blocked while Iran was under international sanctions, the bank said.

    MOSCOW (Sputnik) — According to the CBI, the agreement allows Tehran and Paris to restore mutual business relations and continue cooperation.

    "During the visit of the Iranian President [Hassan Rouhani] in Paris on January 27&28 2016, Coface State Guarantees acting on behalf of the French State in the field of export credit insurance and the Central Bank of the I.R. of Iran have reached an agreement on the payment of amounts due by Iranian debtors that were blocked since international sanctions have been put in place," the CBI said in a statement published on Friday.

    Earlier this month, the United Nations, the European Union and the United States lifted nuclear-related sanctions from Iran following Tehran's implementation of its obligations under the nuclear deal signed last July with six world powers to ensure the peaceful nature of its nuclear program. The move has restored the Islamic republic’s access to the global market.

    The French president’s office said on Thursday that France and Iran signed a batch of 20 trade and construction agreements on Thursday during Rouhani’s visit.

    Topic:
    Iran Nuclear Deal: Hope for Peaceful Future (162)

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    sanctions, debt, France, Iran
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