Middle East Economic Survey

VOL. LIII

No 36

6-Sep-2010

IRAN

Iran Reports Withdrawal Of Assets From European Banks

Iran has withdrawn assets from European banks in its latest effort to defend itself against the effects of sanctions imposed by the UN, US and the EU. The Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani said that assets of Iranian bank have been withdrawn for European banks and that the CBI had anticipated these events six months ago and adopted the necessary measures to...