22 February 2020 - 00:00

Hemmati: FATF decision will not impact Iran's foreign trade

Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati emphasized that the Financial Action Task Force's (FATF) decision will not pose a problem for Iran's foreign trade and exchange rate stability.
News ID : 111794

According to Ibena, in a response to FATF decision to place Iran on its blacklist, Dr. Abdolnasser Hemmati wrote in a note on his page on Instagram which reads as follows:

Once again, the hostility of the US and the Zionist Regime to the Iranian people was exposed in the form of opposition to the recommendation of FATF experts, on the steps Iran has taken to fulfill its commitments to fight against financing terrorism and money laundering.

This political and non-technical behavior has been going on since the summer of 2016 until today. Sometimes in the form of non-technical excuses during the FATF meeting by the US and its allies and sometimes in attempts to disrupt expert reports.

While Financial Action Task Force in all its statements was clear that our country had made great strides in this direction.

Our dear people are well aware that during this tough period of outrageous sanctions and "Maximum Pressure", our country's monetary and financial system has been able to establish unsanctionable links with the world's monetary and financial system outside the framework of the FATF, which to a large extent managed to restrain the threats posed by the FATF due to US' obstruction and hostility.

Central Bank, along with other sectors of the economy, will do its best to meet the country's business needs without interruption. The performance of the Central Bank over the past year has given assurance to dear people (of Iran) that such events will not pose a problem for Iran's foreign trade and exchange rate stability.

The Financial Action Task Force has placed Iran on its blacklist on Friday after European countries decided to join Washington in its ‘Maximum Pressure’ campaign against Tehran. 

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