The agreement was reached during governor of Central Bank of Iran (CBI) Valiollah Seif's tour to Muscat.
Both countries also agreed on opening branches of Iranian banks Melli and Saderat in Muscat.
Holding training courses in the fields of Islamic banking, treasury currency, and supervisory quarters are among other topics on which both sides reached agreement.
A group of managing directors in private and governmental sectors accompany Seif during his trip.
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