Germany’s Deutsche Bundesbank and Central Bank of Iran (CBI) are expected to sign an agreement on mutual cooperation on Monday, a report said.

The visiting Vice-Chancellor of Germany Sigmar Gabriel made the announcement at a day-long business forum attended by the Iranian and German officials in Tehran, added the Irna report.

Gabriel, who is also Germany's minister for economic affairs and energy, hoped that the two countries would revive the good relations they experienced in the past.

Some of the German companies were trying to keep in touch with their Iranian sides in the sanctions era and within the framework, he added.

Then, he stressed the importance of removing the obstacles on the way of financial relations between the two countries.