Paris Branch of Bank Melli Iran Joins Target 2

Sunday, October 15, 2017
The Board Member of Bank Melli Iran said;" Paris branch connected to European payment system's Target 2 directly."

According to the report of Public Relations Dept. of BMI, Panahi, also the director of international affairs, added;" Target 2 is a payment system or a Euro system for Eurozone consisted of European Central Bank and Eurozone countries' central banks which allows participants the real-time and cross-border transfers."

He mentioned;" During sanction period money transfers were made via a correspondent indirectly But now the branch's participated directly."

"Paris branch is now ready to offer services in Eurozone", Panahi emphasized. 


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