Iran says actions taken to continue trade after U.S. sanctions


© 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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.

Comments

comments