International banking has been of particular interest to Iranians during the post-sanction period in Iran.

The source of the foreign currency which is to be transferred, will be registered on ISC platform by the importers.

According to Tehran Chamber of Commerce, Industries, Mines, and Agriculture, Iranian banks are able to transfer fund directly from the Italy's Banca Popolare di Sondrio and vice versa.

CBI and the Ministry of Economic Affairs and Finance received ultimatum from the Parliament, last week, to regulate the non-bank credit institutions

During the last meeting of the Money and Credit Council on Tuesday, new directives were approved with the aim of raising the capital adequacy ratio of banks, coordinated with international standards.

According to the Central Bank of Iran, 40 registered banks and credit institutions operate in Iran which there are five foreign banks among the active banks' list.

Iran's rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE), has upgraded from 6 to 5 by the Organization for Economic Cooperation and Development (OECD).

Iranian Banks have established banking ties with two leading banks in Austria which 22 of these banks have linked-up with Oberbank, a major bank in Austria, to expand economic and banking relations between Iran and Austria.

The Central Bank of Iran published a "service report" which outlined measures undertaken by CBI during the first term of President Hassan Rouhani in office and also after implementation of the JCPOA.