Iran and Belarus have moved to deepen monetary and banking ties, using the 19th session of their Joint Economic Cooperation Committee in Minsk to tackle barriers to financial flows. High-level delegations from both sides focused on easing banking transactions and expanding cooperation.
A Central Bank of Iran delegation, led by Hossein Kashiri, director general for international relations and cooperation, held four days of talks from September 29 to October 2 with Belarusian counterparts. The discussions produced a key decision: a regular mechanism for meetings between central banks, commercial banks, and financial institutions. Officials said the framework is meant to support trade, economic exchange, and mutual investment. Both sides agreed to continue technical consultations.
Kashiri highlighted Iran’s economic potential and said its banking network and financial institutions are fully prepared to attract direct investment and welcome Belarusian banks into major commercial and economic projects.
Organizers described the Minsk meeting as a significant step toward monetary independence and diversified financial routes between the two countries, reflecting broader efforts to adapt to a shifting global economy.
