TEHRAN, Sep. 04 (Press Shia Agency) – Seif, the governor of Iran’s Central Bank told S Africa’s top law maker that he hopes President Rouhani’s visit to S Africa would make up the shortcomings in bilateral Banking relations.

“In the past, there were expanded relations between Iran and South Africa but anti-Iran sanction have limited the scope of cooperation,” said Valiollah Seif, the Governor of the Central Bank of the Islamic Republic of Iran, on Monday, describing the current status of banking relations between the two countries as very limited and dissatisfying.

Commenting on his meeting with the South African legislator, Mr. Seif described the meeting as successful. He urged for normalizing and broadening banking relations. “Considering the warm welcome of South African officials bode to what we proposed, we will certainly follow up the plans.”

The senior Iranian official voiced hope that the measures underway pave the way for developing banking relations, firstly, and economic ties, secondly.

He asserted that the economic capacity of the two countries necessitates the increase of relations and improvement of banking ties.

South African Parliament Speaker Baleka Mbete, the same way, evaluated her meeting with Mr. Seif as successful and fruitful and contributing to expansion of banking relations.