iran banks begin reconnecting to swift payments system
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Iran banks begin reconnecting to SWIFT payments system

Egypt Today, egypt today

Egypt Today, egypt today Iran banks begin reconnecting to SWIFT payments system

Iranian banks have started to be reconnected to the international payments system
Tehran - AFP

Iranian banks have started to be reconnected to the international payments system SWIFT, allowing the resumption of foreign transfers after Tehran's nuclear agreement with world powers, officials said Wednesday.

The move follows the lifting of sanctions under the deal last month, and comes after the Central Bank of Iran and SWIFT took the necessary steps to restore access.

"The on-boarding process including administrative and technical measures for all non-sanctioned Iranian banks including the Central Bank of the Islamic Republic of Iran is now completed," said a statement from the bank.

"These institutions were all activated in the SWIFT network as of February 13," it added.

Hamid Baidinejad, a member of Iran's nuclear negotiations team, wrote on his Instagram page that the Central Bank and 15 other banks now had access to SWIFT.

Some international subsidiaries and branches of the previously sanctioned banks were reconnected but others are still undertaking the process.

Onur Ozan, a country manager at SWIFT, was quoted in the Central Bank statement as confirming that the non-sanctioned banks "have now been reconnected to SWIFT".

"We will continue to work with the remainder of the entities that have applied to re-join SWIFT to ensure their smooth reconnection," Ozan added.

The names of the banks reconnected to SWIFT were not officially named, but Iranian media reports said they included Bank Melli, the Islamic republic's largest bank.

Several Iranian banks accused of links to the country's Revolutionary Guards, an elite military unit, remain under US sanctions.

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iran banks begin reconnecting to swift payments system iran banks begin reconnecting to swift payments system



GMT 07:22 2017 Monday ,20 November

Honda recalls 800,000 minivans over faulty seats

GMT 07:15 2017 Thursday ,30 November

Colombian President invites UAE companies

GMT 13:44 2013 Wednesday ,07 August

Chinese game developers bet on smartphone games

GMT 10:30 2011 Tuesday ,23 August

The Arab-Spanish investment forum 2011

GMT 10:49 2017 Monday ,06 November

Britain frozen out as EU finance chiefs plot future

GMT 14:30 2017 Wednesday ,06 December

India scent Test victory as pollution makes bowlers vomit

GMT 12:32 2018 Tuesday ,16 October

Runaway former sex offender nabbed in Thailand

GMT 16:34 2017 Wednesday ,01 March

Afghan capital attack toll jumps to 16

GMT 20:32 2013 Monday ,17 June

Porsche finds a new target audience
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday