Tehran, Central Bank chief has said that after sanctions removal, the banking system will help Iran's booming greatly.
Central Bank President Valiollah Seif in a meeting with the country's banking officials as well as Economy Minister Ali Tayyebnia said that as part of the central bank's program for the new Iranian year, banks' capital will be boosted in order to help their capital adequacy.
With the agreement, the banks must boost their activeness and get ready for a more active role in the international scene, Seif said, pointing to the recent nuclear framework agreement between Iran and the P5+1 group.
He stated that the past fiscal year's achievements were great, themselves helping the nuclear negoitators do better on the nuclera case.
Seif nonetheless asserted that the removal of sanctions will not provide the solution for the country's entire economic problems, calling for more efforts to tackle problems.