SWIFT open to four more Iranian banks

Reports indicate on Thursday that four more of the country’s banks have been reconnected to SWIFT, the global provider of secure financial messaging services.

According to Press TV, the banks are all the foreign branches of key Iranian banks. They include the Yerevan branch of Bank Mellat, the Dushanbe branch of Tejarat Bank and the branches of Bank Melli Iran in Baku and Baghdad.

The media quoted Hamid Baeidinejad, the director general for political and international security affairs at Iran's Foreign Ministry, as announcing that the banks can now handle a chain of overseas financial transactions.

Baeidinejad has emphasized that 26 Iranian banks have so far been reconnected to SWIFT after the removal of the economic sanctions against Iran in mid-January.

SS