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SWIFT 's economy prevents Iranian banks from accessing their services[/size]
Twilight News
3 hours ago
SWIFT 's economy prevents Iranian banks from accessing their services[/size]
Twilight News
3 hours ago
The financial services company specialized in financial transfers around the world, "Swift", it prevented Iranian banks from accessing its services, with the entry of US sanctions on Tehran, to take effect.
On Monday, the United States began implementing its second package of economic sanctions on Iran, including energy, finance and shipping.
Brussels-based Swift issued a statement expressing its regret over the ban on Iranian banks from entering the remittance system, saying the ban was "to safeguard the security and stability of the financial system around the world."
And Swift, provide a secure network of inter-bank communication around the world, through the system of remittances in various currencies, through which the vast majority of remittances between banks and central banks.
As of today, Iranian banks will be unable to carry out any remittances with anyone outside the country (sending and receiving), making it difficult for foreign exchange to be traded abroad.
The sanctions apply to foreign financial institutions that deal with the Central Bank and other Iranian banks, and also include the operators of ports, shipyards and shipping companies.
The package went into effect after another, which began on August 6, three months after US President Donald Trump announced his country's withdrawal from the nuclear deal.
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