Tehran, Feb 1, IRNA � Governor of Central Bank of Iran Valiollah Seif in a meeting with the visiting Ecuadorean banking delegation here proposed opening of joint account between the two countries' central banks in a bid to create a suitable banking mechanism which was welcomed.


Tehran, Feb 1, IRNA � Governor of Central Bank of Iran Valiollah Seif in a meeting with the visiting Ecuadorean trade and banking delegation to Iran proposed opening of joint account between the two countries' central banks in a bid to create a suitable banking mechanism which was welcomed by the Ecuadorean side.

Seif made the remarks in a meeting with the visiting Ecuadorean Central Bank Deputy Governor Esteban Melo Jacome in Tehran on Monday.

'Given the two countries' favorable political relations, it is appropriate that the economic conditions will also be enhanced proportionately,' Seif said.

He went on to say that fortunately for boosting economic relations between Iran and Ecuador, Iranian industry, mining and trade has declared his supportive stance, and said, 'We hope that with appropriate composition of goods beside increasing the volume of the two countries' exchanges, Iran-Ecuador economic relations will be further expanded.'

In relevant remarks earlier today, First vice president Es'haq Jahangiri said Iran-Ecuador political ties are satisfactory, and called for keeping up economic and commercial relations in pace with the level of political ties on mutual interest.

Jahangiri made the comment in a meeting with Foreign Trade Minister of Ecuador Aulstia Valencia.

The first vice-president said that the Islamic Republic of Iran is willing to develop cooperation with Latin American countries considering their special and influential role in the international scene.

'Ecuador in particular, enjoys a special status in the foreign relations of the Islamic Republic of Iran,' added the first vice president.

The Ecuadorian minister expressed Quito's interest in greater activities of the Iranian companies in Ecuador.

He congratulated the Ten-Day Dawn (February 1-11) anniversary of the victory of the Islamic Revolution, the termination of the arbitrary sanctions on Iran.

He expressed pleasure with his visit to the 'great and historical country of Iran.'

'Our good and satisfactory political relations should serve as a good platform for expansion of the economic relations and in the new era of trade ties, we should pursue long term win-win ties,' he said.

By IRNA