VOL. XL

No. 10

10-March-1997

IRAN

France Provides $439Mn In Export Credit Guarantees To Iran

The French export credit agency, Coface, and the Central Bank ofIran will fully underwrite FF2.5bn ($439mn) in trade finance facilities between the twocountries. The agreement was signed on 26 February by Banque Nationale de Paris and agroup of state-owned Iranian banks thought to include Melli, Mellat, Saderat and Tejarat.Under the terms of the agreement each credit will have to be individually...