Nine Iranian banks to join SWIFT on Monday: CBI governor

Tehran, Jan 31, IRNA – Governor of the Central Bank of Iran Valiollah Seif said on Sunday that nine Iranian banks are to join the Society for Worldwide Interbank Financial Telecommunication (SWIFT) on Monday.

As declared prior to the visit to Italy, SWIFT can start operation on Sunday, he said adding that ‘I would like to officially announce that SWIFT will be connected on Monday but it will require one or two days for the Iranian banks to install and run the system.’

Nine Iranian banks which lacked SWIFT will join SWIFT on Monday but other Iranian banks which were not under sanctions continued operation after implementation of the Joint Comprehensive Plan of Action (JCPOA), he said.
There will be no obstacle in opening of letter of credits for Iranian banks, underlined the CBI governor.

By IRNA