Web
Analytics
The news is by your side.

credit line

China provides $10 billion credit line to Iran

TEHRAN: A Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks, Iran's central bank president said Saturday. The contract was signed in Beijing between China's CITIC investment group and a delegation of Iranian banks led by central bank president Valiollah Seif. The Iran Daily said the funds would finance water, energy and transport projects. Iran is vital to China's trade ambitions as it develops its trillion-dollar "One Belt, One Road" strategy aimed at dramatically boosting…