TEHRAN, May 8, YJC - Central Bank of Iran and China Export & Credit Insurance Corporation, also known as Sinosure, signed a MoU.
TEHRAN, Young Journalists Club (YJC) -
The document was inked by Deputy Director of Central Bank of Iran for Currency Affairs Gholam-Ali Kamyab and Sinosure Vice President Weimin Zha.
The Chinese company is obliged to issue the required exports insurance to provide financial support for civil and production projects practiced in Iran.
Accordingly, public and private sectors going to fund their project from Chinese finance can use the Sinosure coverage and the credit lines.
Weimin Zha expressed hope that signing the MoU could turn a new page in bilateral economic ties between the two sides.