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Crucial payment hub [SWIFT] severs ties with Tehran

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a4architect.com		#1 Posted : Friday, March 16, 2012 12:21:40 PM
Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi		Quote: Crucial payment hub severs ties with Tehran Financial group vital for oil transactions makes unprecedented move to disconnect Iranian banks blacklisted by EU. Iranian leadership say their nuclear programme is for peaceful means [EPA] Iran has been largely cut off from global commerce after the company that handles worldwide financial transactions said it was severing ties with many Iranian banks to back European Union sanctions against Tehran. The action on Thursday by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) aims to enforce EU sanctions discouraging Tehran from developing nuclear weapons. It will go a long way toward isolating Iran financially. SWIFT is a banking hub crucial to oil, financial transactions and other trades and global financial transactions are impossible to conduct without using it. http://www.aljazeera.com...2012315174035470434.html As Iron Sharpens Iron, So one Man Sharpens Another.
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radio		#2 Posted : Friday, March 16, 2012 12:38:03 PM
Rank: Veteran Joined: 11/9/2009 Posts: 2,003		I am just wondering, are there no international banks in Iran like barclays and the like. On a lighter note, I think this is an opportunity to export M-besa there
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a4architect.com		#3 Posted : Friday, March 16, 2012 12:43:42 PM
Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi		@Radio..thats a very witty thought..if @ tanzaza http://www.bizjournal-af...8:finance&Itemid=60 can get his way there, he would make a killing.. As Iron Sharpens Iron, So one Man Sharpens Another.
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bkismat		#4 Posted : Friday, March 16, 2012 1:24:48 PM
Rank: Elder Joined: 10/23/2009 Posts: 2,375		radio wrote: I am just wondering, are there no international banks in Iran like barclays and the like. On a lighter note, I think this is an opportunity to export M-besa there Once Uncle Sam blacklists you nobody will be willing to touch you with a foot long pole. This is US plus EU It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt... -Mark Twain
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mkeiy		#5 Posted : Friday, March 16, 2012 2:51:12 PM
Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi		In view of the above,how will foreign missions operate without SWIFT? Just a wonder.
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hisah		#6 Posted : Saturday, March 17, 2012 10:05:54 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		This is why persia is looking at barter trade with russia, china, japan & india. Gold & food & direct rubles, yuans, yens & rupees swaps for oil... I can also see Somalis are also seeing red due to the Hawala system ban. How much money have they invested in KE real estate as investment... http://www.nation.co.ke/...8/-/6rmv2mz/-/index.html $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa		#7 Posted : Sunday, March 18, 2012 12:09:01 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		I hope the US & EUR also realize that other countries are watching - which only hasten the rise of the Yuan & Rupee and as global reserve currencies and agressive pursuit of Look East and BRIC policies. How myopic their thinking in this day & age & state of global economics shmucks!!
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Jamani		#8 Posted : Sunday, March 18, 2012 6:33:17 AM
Rank: Elder Joined: 9/12/2006 Posts: 1,554		radio wrote: I am just wondering, are there no international banks in Iran like barclays and the like. On a lighter note, I think this is an opportunity to export M-besa there All banks in Iran are local banks, there are no international or regional banks in Iran.... On M-pesa they have their own they call it Jiring though its not that used due to easy, cheap and convenient availability of banking services across the country...
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Hunderwear		#9 Posted : Sunday, March 18, 2012 8:42:33 AM
Rank: Member Joined: 4/14/2011 Posts: 639		a4architect.com wrote: @Radio..thats a very witty thought..if @ tanzaza http://www.bizjournal-af...8:finance&Itemid=60 can get his way there, he would make a killing.. Tangasa bure kabisa!!!!!90% 0f their agents are unoperational!!Never try use it unles u dont need the money
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