Kuala Lumpur, Oct 25, IRNA – Governor of the Central Bank of Iran (CBI) Valiollah Seif has held talks with senior officials at different Singaporean banks including OCBC, DBS and UOB.

The talks which were held in Singapore on Tuesday focused on banking cooperation in line with development of bilateral relations in the economic areas.

During the talks, Seif elaborated on Iran's economic capacities and stressed importance of expansion of exchanges and banking cooperation between the two countries.

As the state and private Iranian banks are in full coordination with the international standards and regulations, they can resume banking relations with different international banks, Seif stressed.

He then invited the Singaporean banking officials to visit Iran to get familiarized with activities of the Iranian banks.

Referring to the United Arab Emirate move to follow the re-export policy, Seif suggested that the Singaporean officials adopt the same policy.

Meanwhile, the Singaporean officials welcomed development of banking relations with the Iranian side.

A delegation from DBS, during its recent visit to Iran, has opened different accounts for Iran; the move is very important in line with facilitation of banking relations between the two countries.

CBI chief has travelled to Singapore to attend the first investment meeting between the two countries that is slated for October 26.

By IRNA