SWIFT Reconnects With Iranian Banks Following the Removal of Sanctions

[kreslik.news]

The once severed connection between SWIFT, a global provider of financial messaging services and the Central Bank of Iran (CBI) has been bridged, following the removal of key sanctions facing the country and an internationally agreed mandate last month, according to a CBI statement.

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The news follows on the heels of last month’s Joint Comprehensive Plan of Action (JCPOA) on January 16, 2016, in which Iran’s Central bank embarked on a process to rejoin the SWIFT network – the plan calls for the reintegration of all Iranian Banks ... (read more)