Japanese banks to handle Iran’s food and medicine transactions

TEHRAN – Three major banks in Japan have announced readiness to handle transactions related to Iran’s food and medicine trade, the Central Bank of Iran said in a report.
Based on agreements between the Central Bank of Iran and Japanese officials after the Geneva deal, the Bank of Tokyo-Mitsubishi (BTMU), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank announced that they were ready to conduct the transactions.
On January 28, Iranian Deputy Foreign Minister Abbas Araqchi said a special banking system to be launched in Japan, South Korea, and Switzerland will be in charge of transferring several billion dollars of …read more

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