Iranian banks may reconnect to Swift as sanctions lift
Reconnection ends four-year exclusion from the global payments messaging service
Iranian banks may now reconnect to the global payments messaging service Swift, after the European Union and other major nations lifted sanctions on January 16.
The lifting of sanctions means 23 banks and the Central Bank of the Islamic Republic of Iran will now be allowed to reconnect to Swift.
Swift, or the Society for Worldwide Interbank Financial Telecommunication, is based in Brussels and was therefore forced to comply with EU sanctions imposed in March 2012. At the time, Swift chief
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