© Reuters. Iran says actions taken to continue trade after U.S. sanctions
DUBAI (Reuters) – Iran said on Monday it has taken necessary banking measures to continue trade with its partners after the United States reimposed sanctions on Tehran’s energy and financial sectors, Iranian state TV quoted the head of the country’s Central Bank Abdolnassr Hemmati as saying.
“We have been in talks with our trade partners and all the necessary actions have been taken for Iran’s interactions to continue,” Hemmati said.
“We were expecting these sanctions, so we had plans in place for them and beyond… considering the possibility of banks being disconnected from SWIFT we have considered alternatives to replace it.”
The Belgium-based SWIFT financial messaging service said on Monday it is suspending some unspecified Iranian banks’ access to its messaging system in the interest of the stability and integrity of the global financial system.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Forex – Australian Dollar Steady After RBA Decision - June 4, 2019
- Yuan Watchers Say 7 Is No Longer a Sticking Point for China - June 4, 2019
- Fresh Losses Coming for Australian Dollar, Strategists Say - June 4, 2019