The trip has taken place following the agreement between the presidents of the two countries and the Memorandum of Understanding signed between the two sides’ ministries of economy, central banks, national libraries and television broadcasting.

During his stay, Seif and Turkish officials will negotiate to devise strategies in order to conduct currency exchange and financial transactions as part of boosting trade transactions.
In addition, the CB Governors of Iran and Turkey will sign an agreement on banking cooperation.

Last week, Iranian President Hassan Rouhani and his Turkish counterpart stressed resolve for increasing the volume of trade transactions up to $30 billion.

/SR