Iran’s PIB Connects to Euro Payment

The CEO M.R. Meskarian of the London-based bank said his bank will conduct UK transactions with Iran so long as they are in euros through Deutsche Bundesbank.

“We are in negotiations with British clearing banks to facilitate transactions in pound sterling,” he said, admitting that so far the talks had been futile.

“But we hope to soon forge agreements with a major UK-based bank and seal the same deal we did with Oberbank.”

If that agreement is signed, Meskarian said, “pending trade deals, like Rolls Royce selling aircraft parts to Iran, could be finalized.”

Persia International Bank belongs to Bank Mellat and Bank Tejarat and is based in the UK in London with Iranian owners.

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