{"id":103274,"date":"2016-03-08T14:53:41","date_gmt":"2016-03-08T08:53:41","guid":{"rendered":"http:\/\/www.iranmirrorbd.com\/en\/?p=103274"},"modified":"2016-03-08T14:54:03","modified_gmt":"2016-03-08T08:54:03","slug":"iranian-banks-are-now-connected-to-swift","status":"publish","type":"post","link":"https:\/\/www.iranmirrorbd.com\/en\/2016\/03\/08\/iranian-banks-are-now-connected-to-swift\/","title":{"rendered":"Iranian banks are now connected to SWIFT"},"content":{"rendered":"
<\/div>

According to the CEO of the Bank of Industry and Mine, Iranian banks are now connected to SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Ali Ashraf Afkhami, said that SWIFT is now open to Iranian banks, Bourse Press reported. In 2012, SWIFT cut off Iranian banks subjected to EU sanctions over Iran\u2019s nuclear energy program, shutting down a major avenue of doing business with the outside world. However, Iranian banks, their overseas branches and affiliates were officially removed from SWIFT\u2019s sanctions list on January 17 after Iran\u2019s nuclear accord with the six world powers came into effect. Afkham added that although Iranian banks could open LCs on the first day of the implementation of the nuclear deal, they had to resort to the traditional method for opening LCs because they had access only to the pre-sanctions\u2019 passwords for LCs. \u201cEven though reconnecting to SWIFT took almost three weeks, it is now \u2018routinely\u2019 processing transactions for Iranian banks.\u201d<\/p>\n

\/financialtribune.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the CEO of the Bank of Industry and Mine, Iranian banks are now connected to SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Ali Ashraf Afkhami, said that SWIFT is now open to Iranian banks, Bourse Press reported. In 2012, SWIFT cut off Iranian banks subjected to EU sanctions over Iran\u2019s nuclear energy … Continue reading Iranian banks are now connected to SWIFT<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":103276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-103274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-5"],"yoast_head":"\nIranian banks are now connected to SWIFT - Iran Mirror<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.iranmirrorbd.com\/en\/2016\/03\/08\/iranian-banks-are-now-connected-to-swift\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iranian banks are now connected to SWIFT - Iran Mirror\" \/>\n<meta property=\"og:description\" content=\"According to the CEO of the Bank of Industry and Mine, Iranian banks are now connected to SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Ali Ashraf Afkhami, said that SWIFT is now open to Iranian banks, Bourse Press reported. 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