Central Bank Governor: Increase the pressure on our economy after the “isolate” Iran’s banks

Saturday, March 24, 2012 08:56

BAGHDAD / Baghdadiya News / .. An official high in the monetary authority increased pressure on the Iraqi economy after the feet of institution-based Swift Broxsl isolate Iranian banks from the global banking system

What prevents them from doing any banking activity.The Deputy Governor of the Central Bank of appearance of Dr. Mohammed Saleh / Baghdadiya News / “The Foundation Swift is.. a means of financial transactions and therefore disconnection means all financial dealings with the world can not be any bank in the world to turn to another bank without the use of SWIFT because it contains (code), which is Encrypted system between central banks. ”

Saleh added, “We are trapped Bjaran (Iran and Syria) are exposed to sanctions, both trying to use the Iraqi economy to breathe for that financial pressures faced by the Iraqi economy is normal and over capacity.” / Finished / 26 /