Iran has no plans to move money out of Europe
Iran is not planning to move assets from European banks, a banking official said on Tuesday, rejecting reports it is making major withdrawals to dodge impending EU sanctions. "No money from Iranian banks has been transferred out of European banks to Iran or other countries. And it will not be (moved)," the managing director of Bank Mellat, Ali Divandari, was quoted as saying by the Mehr news agency. "There is no reason for the transfer of this money," said Divandari, whose bank is one of Iran's major state banks. The United States and European Union are seeking to ratchet up pressure on Tehran in the standoff over its contested nuclear programme by imposing a range of financial measures against the Islamic republic. Media reports have said Iran has been shifting tens of billions of dollars from the European banks to other institutions, fearing that further sanctions would affect its access to investments. Divandari however said that the transfer of such assets has not even been discussed.
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