29 February 2020 - 09:37

Hemmati: Iran established global banking ties beyond FATF

The Governor of the Central Bank of Iran (CBI) says the country has established international banking ties that are unsanctionable and also do not relate to FATF.
News ID : 112024
دکتر همتی

According to Ibena, Abdolnaser Hemmati wrote in an Instagram post which reads as follows:

Our country has been able to create unsanctionable banking and monetary ties with the world out of the FATF framework.

The central bank, along with other economic sectors, will uninterruptedly continue its efforts to facilitate the country's sustainable business needs.

Hemmati further noted that In the past few days, the country’s exporters have injected hundreds of millions of dollars into in the secondary market for the import and export of raw materials and intermediaries, assuring that the recent rampant inflation in the forex rates will be curbed in the near future.

The Paris-based Financial Action Task Force (FATF) on February 21, placed Iran on its blacklist.

Earlier this month, Hemmati had said that FATF blacklist is not going to cause any problems for the country’s foreign trade and stability of the foreign currency market.

“During multiple periods of sanctions and maximum pressure, our monetary and financial system has become able to establish unsanctionable links with the world's monetary and financial system outside the framework of the FATF, and this has largely curbed the U.S.’s threats and hostility,” he said.

The United States had made great efforts to pressure the international body to blacklist Iran.

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