The re-connection was made on Sunday February 14, he said.
The Brussels-based Swift facilitates exchange of financial transactions among world financial institutions.
After implementation of the Joint Comprehensive Plan of Action (JCPOA) Iran Post Bank took required and timely action to reconnect to SWIFT and the task was accomplished on February 14, he said.
Central Bank of Iran (CBI) allocated special code and password to reconnect Iran Post Bank to SWIFT on Sunday.
SWIFT is used by nearly every bank around the world to send payment messages that lead to the transfer of money across international borders.
It provides a wide range of service including transmitting letters of credit, payments and securities transactions among 9,700 banks in 209 countries.
A central theme of the sanctions was putting restrictions on Iran’s banking transactions with the international financial institutions through various mechanisms including shutting SWIFT services to the country.
However, it became off limits to Iranian banks in 2012 after the implementation of the US-led sanctions.
Accordingly, around 30 Iranian banks were blocked from using SWIFT services, literally cutting off Iran from the global banking system.
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Tehran, Feb 17, IRNA – Managing Director of Iran Post Bank Khosro Farrahi said on Wednesday that the bank has been re-connected to Society of Worldwide Interbank Financial Telecommunication (SWIFT).
