Friday, March 21, 2008
Steer clear of Iran central bank, says US
Washington has called on international financial institutions to steer clear of doing business with Iran’s central bank, in the US’s most wide-ranging attempt yet to isolate Tehran financially. The Treasury department has issued a warning of the risks of doing business with 51 state-owned and seven privately held Iranian banks – in effect the whole of Iran’s banking sector. The list includes institutions specialising in export financing and foreign investment, as well as Iranian state-owned banks located as far away as Venezuela, Hong Kong and the UK.
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Stay clear of Iran Central Bank a message from the U.S. government. I think that it should be the other way round. Stay out of U.S. Banks, because their money is not worth the paper that it's printed on.
ReplyDeleteThis is a desperate attempt by the U.S. Government to create an aura of fear about Iran. Iran has the GOLD to back its money, but does the U.S. have any? Perhaps, it is time to withdraw all money from U.S. Banks that cannot give undertakings of solvency to their customers.