Iran General NewsIran not withdrawing funds from Europe: bank head

Iran not withdrawing funds from Europe: bank head

-

ImageReuters: Iranian banks are not moving funds from Europe, the head of a state bank was quoted as saying, contradicting reports that Tehran was withdrawing assets in the face of tightening sanctions over its nuclear program.

ImageTEHRAN (Reuters) – Iranian banks are not moving funds from Europe, the head of a state bank was quoted as saying, contradicting reports that Tehran was withdrawing assets in the face of tightening sanctions over its nuclear program.

"Such an issue has not ever been put forward," Ali Divandari, managing director of Bank Mellat, was quoted as telling the semi-official Mehr News Agency on Tuesday.

His comments were also carried by newspapers on Wednesday. "Iranian banks do not have any problem with European banks and there is no reason for (transferring) Iranian banks' assets from European banks," Iran News quoted him as saying.

An Iranian weekly previously said Iran has withdrawn $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over its disputed atomic plans.

Western powers are warning the Islamic Republic of more punitive measures if it rejects an incentives offer and presses on with sensitive nuclear work, but the oil-rich country is showing no sign of backing down.

The Shahrvand-e Emrouz weekly quoted Mohsen Talai, deputy foreign minister in charge of economic affairs, as saying that a part of Iran's assets in European banks had been converted to gold and shares and another part transferred to Asian banks.

Iran's Etemad-e Melli newspaper, also quoting Talai, last week reported that the world's fourth-largest oil exporter was withdrawing assets from Europe but did not give figures.

Iran has again ruled out suspending uranium enrichment despite the offer by six world powers of help in developing a civilian nuclear program if it stopped activities the United States and others suspect are designed to make bombs.

The offer — agreed last month by the United States, Britain, Russia, China, Germany and France and presented to Iran on Saturday — is a revised version of one rejected by Tehran two years ago.

Iran's refusal to suspend nuclear enrichment, which can provide fuel for power plants or material for weapons if refined much more, has drawn three rounds of U.N. sanctions since 2006. Tehran says it only aims to generate electricity.

EU diplomats have said the bloc is preparing an asset and funds freeze on Iran's biggest bank, state-owned Bank Melli, but that it first wants to see how Tehran responds to the new offer.

The United States imposed sanctions on Bank Mellat and other Iranian bodies, including part of Iran's military, in October.

Bank Mellat has dismissed as "baseless" the U.S. charges, which included accusing it of providing banking services to support Iran's nuclear activities.

Iran is making windfall gains from record global oil prices and said in April its foreign exchange reserves stood at more than $80 billion.

(Writing by Fredrik Dahl; Editing by David Stamp)

Latest news

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Iran’s Regime Is Hiding Human Rights Violations In Its Prisons

With more than four months into Iran’s latest round of nationwide uprisings, the brutality of the Iranian regime’s security...

How Internet Censorship Is Damaging Iran’s Economy

While in the last four months, internet access in Iran has been cut off or severely limited, the regime’s...

Must read

Americans think Iran may use nukes

UPI: A USA Today-CNN-Gallup Poll says Americans not only...

Iranian reformists request Tehran vote recount

Reuters: Reformist opponents of Iranian President Mahmoud Ahmadinejad requested...

You might also likeRELATED
Recommended to you