May 11, 2016, 11:02 AM
News Code: 82069964
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Iran's SWIFT problems settled: Senior banking official

Qom, May 11, IRNA - A senior banking official said in this holy city in central Iran that SWIFT problems have been settled between the Iranian and foreign banks, it was announced on Wednesday.

Chairman of the Coordination Council of state-owned banks Abdolnaser Hemmati made the remarks in a press conference after his meeting with senior Iranian clerics in Qom.

Hemmati said the banking communication and interactions are on the rise day-by-day.

'The infrastructures have been prepared for creating relations between the domestic and foreign banks,' he added.

'Thanks to the implementation of the Joint Comprehensive Plan of Action (JCPOA), the relations with the foreign banks are being corrected and there is no basic problem in interaction with the global banks,' Hemmati said.

SWIFT (Society for Worldwide Interbank Financial Telecommunication) banking system is the global provider of secure financial messaging services.

Last month, international affairs' director at Central Bank of Iran (CBI) Hossein Yaqoubi said Iran has established 300 banking relations with foreign banks since anti-Iran sanctions were lifted in January.

Under sanctions, Iran's banking relations were so limited and had not been counted up even to ten, he said.

The text of JCPOA between Iran and the six world powers has focused on use of some tools like SWIFT when all international banking activities had been done, he added.