German Banks Warned by Exchange Deputy of Iran Central Bank
August 25, 2007 by pulkit
If you thought that Ahmadinejad alone admonished countries about dire consequences then, you were wrong. Even the Exchange Deputy of the Iran Central Bank has taken a leaf out of his obstreperous President’s book.
Mohammad Ja’far Mojjarad warned German Banks to consider their next steps carefully.
The B.B.C. Network News wrote in a report titled, “the warning of the Exchange Deputy of the Central Bank of Iran to the German banks” Mohammad Ja’far Mojjarad has warned the German banks that the interruption of interaction with Iran could, in long term, result in unpleasant aftermath for them. [source]
Under U.S pressure banks across the world have lessened their involvement with Iran. Many European banks have ceased dollar transactions with Iran, and another German bank—Dresdner Bank—also followed suit. This is the third instance of a German bank putting a lid on its relations with Iran. However, Mojjarad added that Iran is overoming this financial ostracisation.
Mohammad-Jaafar Mojarrad also said yesterday that the Iranian government’s “prudent” fiscal policy was stabilising Iran’s macro-economic outlook. His comments came as a third German bank, Dresdner Bank, announced it was cutting links with the country[source]
