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Tehran - US Banks To Set up Iran Branch
HT: Atlas ShrugsTehran - Four American banks, including Citibank and Goldman Sachs, have applied for opening a branch in Iran, an Iranian daily has reported. The banks made a formal request to the Central Bank of Iran (CBI) about 20 days ago to establish a branch in the country, the Jaam-e-Jam newspaper quoted an informed source as saying. "If the CBI approves their request, these four banks will set up a temporary branch in an Iranian free trade zone," the source told Jaam-e-Jam, without revealing the names of the other two banks. "If they can work according to Iran's banking law, they will be allowed to open branches in Tehran and other cities." Posted by: Uncle Phester 2009-04-20 |
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