World to stop financial transactions with Iranian banks

Note: This section contains information in English only.
Source: BBC
Swift reported that it is set to halt all transactions with Iranian banks on Saturday as a part of sanctions imposed by Western countries against Iran's nuclear programme. The decision would severally impact oil industry of the country as well as citizens who live outside Iran but send money to their relatives in the country.


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Fri, 16 Mar 2012 09:45:33 GMT

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