Economic Activist: Restoring Interbank Swift Link helpful for trade

Economic Activist: Restoring Interbank Swift Link helpful for trade
Head of Alborz Province Chamber of Commerce, Industries, Mines and Agriculture said on Tuesday that restoring link of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) will be useful for Iranian trade and commerce.

Rahim Bana-Molaie told a press conference that due to SWIFT's high security and international assurance many of the world banks do their document exchanges through that system.
'the international SWIFT system is the most recognized global means for commercial and economic transactions as well as interbank message correspondence,' he reiterated.
Bana-Molaie said that proper management of foreign investments is a dire necessity in Iran today, adding that fortunately the matter is properly heeded by President Rouhani's economic team.
The head of the Chamber of Commerce said that one of the major problems for the manufacturers is that they do not receive the appropriate services in return for the taxes that pay, so they embark on tax evasion.
Bana-Molaie added that the foreign investors expect to gain services for the taxes they pay and that is quite a normal expectation from the government.
SWIFT provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. 


Sep 30, 2015 11:27
IRNA |

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.