Croatian National Bank

A delegation led by the governor of Croatian National Bank, the central bank of East European nation, will travel to Tehran in the foreseeable future to remove banking hurdles, the assistant minister with the Croatian Ministry of Foreign and European Affairs announced. (Financial Tribune, 7/29/2017) (https://financialtribune.com/articles/economy-business-and-markets/69278/iran-to-host-croatian-banking-delegation)

--

The Financial Tribune, recently reported on Croatia’s establishment of banking ties with the Central Bank of Iran (“CBI”), an Office of Foreign Assets Control (“OFAC”)-blocked Iranian financial entity.  (U.S. Treasury Department, “Fact Sheet: New Sanctions on Iran,” 11/21/2011).  According to Ali Rabiei, Iran’s Minister of Labour, “the governor of the Central Bank of Iran has delivered the finalized document of this agreement to the ministry…countries like Croatia are a priority for Iran and that is why we are ready to cooperate with the country in any field.” (Financial Tribune, “Iran, Croatia Sign Banking Agreement,” 7/1/2017). (https://www.treasury.gov/press-center/press-releases/Pages/tg1367.aspx) (https://financialtribune.com/articles/economy-business-and-markets/67369/iran-croatia-sign-banking-agreement)

"Croatian National Bank has called all the country’ banks to remove existing barriers on the way to expand banking ties with Iran, the visiting Croatian Deputy Prime Minister Martina Dalic announced addressing Iran-Croatia Business Forum in Tehran, on Tuesday, IRIB news reported." (Tehran Times, 5/8/2018). (https://www.tehrantimes.com/news/423362/Croatian-National-Bank-to-facilitate-banking-ties-with-Iran)