Iran Central Bank chief to visit Germany next week

Valiollah Seif will visit Jens Weidmann President of the Deutsche Bundesbank in Frankfurt to investigate possible ways for deepening ties between Iran and Germany especially in the banking sphere.

Following the implementation of the nuclear deal between Iran and world powers, also known as the Joint Comprehensive Plan of Action, and the removal of western-imposed sanctions, the European countries started considering returning to Iran's lucrative market.

German companies were among the first foreign that started negotiations to invest in Iran.

The trip by Iran's CBI chief comes at a time that there are still financial and banking hurdles on the way of the Islamic Republic to resume full-fledged ties with the western countries.

Seif is also expected to hold talks with presidents of German banks and managers of some of the Germany-based Iranian companies.

2044**