Three foreign banks have received the permit to have banking activities in Iran, announced the Central Bank of Iran (CBI) governor here on Monday.Â
Â Tahmasb Mazaheri added that the banks could work either independently or jointly, reiterating that there is no limitation for foreign banksâ€™ presence in Iran.
He urged the banks to upgrade their expertise to prevent the liquidity rise and inflation in the country.
Referring to the allocation of $10 billion by the government for empowering the banking activities, the official added the measure aims to accelerate the enforcement of the Article 44 of the Constitution.
â€œDespite sanctions imposed by the U.S. on the activities of some Iranian banks, foreign banks will face no restrictions in making investments in Iran or engaging in banking activities,â€ said Mazaheri.
The CBI governor added the recent restrictions on Iranian banks have no legal justification and measures will be taken to counteract them.