NEWS
ECONOMY   Banks  

CBI Chief Announces Iran’s Special Measures to Counter US Sanctions

Governor of the Central Bank of Iran Abdonnaser Hemmati explained about the CBI’s measures to counter the new round of US sanctions imposed on the Islamic Republic.

In a meeting with managing directors of various banks of the country in Tehran on Tuesday, Hemmati highlighted the failure of the US sanctions against Iran’s banking system and said the issue indicates the important role of banks in developing the country’s economy and facilitating foreign trade.

He further explained about the CBI’s measures to circumvent Washington’s sanctions and called on all banks to strive to maintain and strengthen the process of foreign trade and financial transfers with all their power and experience.

In remarks released earlier on Monday night, Hemmati had said, “We have been in talks with our trade partners and all the necessary actions have been taken for Iran’s interactions to continue.”

“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.”

On May 8, the US president pulled his country out of the Joint Comprehensive Plan of Action (JCPOA), the nuclear deal that was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

Following the US exit, Iran and the remaining parties launched talks to save the accord.

Trump on August 6 signed an executive order re-imposing many sanctions on Iran, three months after pulling out of the Iran nuclear deal.

He said the US policy is to levy “maximum economic pressure” on the country.

The second batch of US sanctions against the Islamic Republic took effect on Monday, November 5.

News No: 2515
Date: 2018/11/07 - 10:33
News Source: Tasnim News Agency

CBI  US Sanctions  Abdonnaser Hemmati  JCPOA  SWIFT 

Comments:

Leave a Comment:

   
   
   
 

US Oil Prices Up 50%

Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.
 

India Delays May Order for Iran Oil

Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member, four sources said.
 

CBI Governor: Hostile Move against IRGC Indicates US Desperation in Anti-Iran Measures

Governor of the Central Bank of Iran (CBI) Abdol Nasser Hemmati underlined that the US designation of the Islamic Revolution Guards Corps (IRGC) as a "terrorist organization" shows its failure in anti-Iran economic pressures and policies.
 

UN Nuclear Chief Reconfirms Iran’s Compliance with JCPOA

Director General of the International Atomic Energy Agency Yukiya Amano reaffirmed that Iran has fulfilled its commitment to the Joint Comprehensive Plan of Action (JCPOA).
 

Tehran, Baghdad to Further Increase Banking Ties

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati, on the sidelines of his Sunday meeting with Iraqi Finance Minister Fuad Mohammed Hussein, said that banking relations between Tehran and Baghdad will be eased to lubricate transactions between the two countries’ businessmen.
 

CBI Chief Warns of Enemy Plots to Disrupt Iran’s Foreign Exchange Market

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners