VOL. XXXVIIINO. 105-DECEMBER-1994
Financial and Banking News
German Banks Cautiously Expand Iranian L/C Business
German banks have started to issue uncovered letters of credit (L/Cs) forIranian commercial banks for the first time since Iran's debt payment crisisbegan two years ago. The first new facilities were written about two months agoand, for the moment, all the banks are taking a conservative line vis-a-vistenors and pricing: they are refusing to offer L/Cs beyond 360...