VOL. XXXIX
No. 48
26-August-1996
IRAN
Sumitomo Bows To US Pressure To Stop Iranian Travellers Checks Business
The Japanese bank Sumitomo has agreed to stop issuing travelers checks in Iran on the grounds that this constitutes an infringement of US legislation aimed against the Islamic Republic. The issuance of travelers checks impinges on the United States because dollar traveler checks have eventually to be settled in the US. In a statement, Sumitomo said that the request was made by...
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