(MENAFN) Driven by the promising outcomes from Iran-China political and ambitious business interactions throughout recent months, the 2nd largest economy plans to make a crucial move.
The world's most populous country intends to extend USD20 billion in fresh finance to the Islamic Republic in the coming years, setting the grounds for a deeper and much sophisticated relationship.
Moreover, the Persian-Gulf nation has always been able to receive twice the amount of its yuan deposits in China as finance, which indicates their deep relations even when the sanctions were there.
"Iran possesses a large amount of yuan in China and better finance conditions will arise by conducting transactions in the Chinese currency," stated the Head of Iran-China Chamber of Commerce.
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