Tehran, Iran, Nov.12
Trend:
Kunlun Bank of China has halted its ties with Iranian banks as the US re-imposed sanctions.
"The US sanctions are not limited to Kunlun Bank and includes all banks that have monetary and financial transactions with Iran,” Managing Director of Ghavamin Bank Gholam Hossein Taghi Nataj told Trend.
"Currently, several banks, including Middle East Bank, Hekmat Iranian Bank, Qarz Al-Hasaneh Mehr Iran Bank and Tose'e Credit Institution are removed from the US secondary sanctions, and can continue their financial operations," he said referring to suspension of Iran's banking transactions and access to SWIFT and the impossibility of banking transactions for drug and food.
He noted Ghavamin Bank is still in the sanctions list.
"Ghavamin Bank is in the list of sanctions and we believe it is weird because we did not have currency operations,” he said.
“They accused us of manipulating the foreign currency market, but these reports are false. Sanctions will not affect our activities and will only have psychological effects on society,” he added.