Tag - Iran’s Mellat bank to reopen Seoul branch next month

Iran’s Mellat bank to reopen Seoul branch next month

Iran’s Mellat Bank plans to reopen its Seoul branch as early as next month following the lifting of sanctions on the Middle East country, a bank official said Wednesday. In January, the U.S. and the European Union removed decades-long economic curbs on Tehran following a landmark deal on nuclear armaments with Washington. Since opening its Seoul branch in June 2001, Mellat Bank had supported bilateral trade and foreign exchange transactions, as well as the transfer of wages for Iranians working in [...]

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