Insider news & Analysis in Iran

By INU Staff

INU - The Governor of Central Bank of Iran, Valiollah Seif had an interview with Fars News (affiliated with the IRGC) On Sunday, June 11. While the financial bottlenecks are blocked in Turkey and UAE and some Iranian companies are unable to transfer money, Seif clarifies, "Turkey and UAE are two different cases since they have various stances. The financial transactions had been blocked before in UAE because our relation with this country is not normal. Nevertheless, the situation in Turkey is normal and we do not have anything to discuss. The problem with UAE stems from the past. They imposed constraints that have not been removed after Iran deal yet."

At the end, the Governor of Central Bank of Iran stipulated, "We have been planning a follow-up to this problem but the issues are not yet settled between Iran and UAE due to political reasons."

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