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Saturday, November 11, 2017
Iranian official: Intimidated by US, Major Banks Avoid Working with Iran: Official

Intimidated by US, Major Banks Avoid Working with Iran: Official
November, 11, 2017 - 16:28
https://www.tasnimnews.com/en/news/2017/11/11/1570715/intimidated-by-us-major-banks-avoid-working-with-iran-official

TEHRAN (Tasnim) – A member of Iran’s Money and Credit Council attributed
major global banks’ reluctance to build banking links with Iran to the US
government’s intimidating policies and obstructionism.

Conditions are not still set for Iranian banks to make connection with the
world’s top banks, Bahman Abdollahi, member of the highest policy-making
body in the Central Bank of Iran, said on Saturday.

The predictions of Iran’s economic and banking relations with the world in
the post-JCPOA era have not come true, he deplored, blaming the Western
parties, the US in particular, for this due to their lack of commitment to
the 2015 nuclear deal between Iran and world powers.

The comments come against the backdrop of growing concerns that the Joint
Comprehensive Plan of Action (JCPOA), the lasting nuclear agreement between
Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany),
has not led to any major breakthroughs in Iran’s financial transactions with
foreign banks and companies.

In an appearance at the Council on Foreign Relations in the US in April
2016, Central Bank of Iran Chief Valiollah Seif said “almost nothing” has
happened for facilitating Iran’s financial transactions, criticizing
Washington for failing to fulfill its commitments under the JCPOA.



R42340/P42410/S1193/CT18

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