Iranian banks reconnect to the world


Society for Worldwide Interbank Financial Telecommunication (SWIFT)

Iranian banks reconnect to the world

After four years of hiatus, a number of Iranian banks have been reconnected to SWIFT's international payment system.

Following the nuclear deal sealed last July between Iran and the P5+1 - the five UN Security Council permanent members and Germany - economic sanctions against Iran were lifted.

Therefore, Iran’s Central Bank and 15 other Iranian banks have regained access to SWIFT, allowing them to transfer money internationally. Names of the reconnected banks were not officially revealed b...

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