Iranian banks receive access to SWIFT

Iranian banks receive access to SWIFT

The Central Bank of Iran has announced that the sanctions of SWIFT (the Society for Worldwide Interbank Financial Telecommunication) on the country’s 12 banks have been lifted.

The Central Bank, as well as Tejarat Bank, Refah Bank, Export Development Bank of Iran, Bank Sepah, Post Bank Iran, Bank of Industry and Mine, Iran-Europe Commercial Bank, Tose`e Ta`avon Bank (Cooperative Development Bank), Sina Bank, Bank Mellat and Bank Melli are now eligible to use SWIFT.

It is worth noting that a number of Iranian banks are still limited in this opportunity, despite the lifting of sanctions, Trend reports.