Swift, the organization that the international payments in good jobs must lead, Iran has its network locked. The payment processor says this step should convert as a result of stricter European sanctions.
The blockade imposed on Iranian banks to the system for international electronic payments will be on Saturday 17 march at 17:00 hours. The Society for Worldwide Interbank Financial Telecommunication, says that the shutdown of Iran is an ‘extraordinary’ step is without precedent. According to the payment processor for Swift forbidden to continue to do business with Iran after the further tightening of the sanctions against Iran by the EU and the United States.
Iran, which is economically highly dependent on its oil exports, the Swift blockade more difficult to trade on the world market. On the network of Swift are more than eight thousand financial institutions from more than two hundred countries. Every day an average of 18 million credit transfers between banks and other financial institutions run.
By Iran under the access to Swift to deny, like the European Union and the United States Iran to further isolate. In July, the EU wants also an oil-embargo state. The Islamic republic is suspected to work on the construction of a nuclear weapon. Iran has always denied working on a nuclear bomb.