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Steer Clear of Iran Central Bank, says U.S.

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posted on Mar, 23 2008 @ 02:06 PM

Steer Clear of Iran Central Bank, says U.S.

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.
(visit the link for the full news article)

[edit on 23-3-2008 by DimensionalDetective]

posted on Mar, 23 2008 @ 02:06 PM
Heh...Now I wonder why they'd be doing this? >end sarcasm<

Next up on the White House's "risky Banks"---Venezuela, and Russia.

I don't think they are in any position to talk about risky banking interactions with all of the crooked bail-out crap going on and the free-falling dollar.

But that's just me I suppose. (visit the link for the full news article)

posted on Mar, 23 2008 @ 02:23 PM
I see the US is also a little upset with other states doing business with Iran. I found the following article mentioned a couple of days ago.

Absolutely amazing! The US seeing if the Swiss have broken any US laws in their deal with Iran for gas supply. I'm sure the Swiss authorities, if pushed, might retaliate with information on some shady bank accounts belonging to prominent US citizens.

posted on Mar, 23 2008 @ 02:27 PM
Haha maybe we should stay clear of the dollar instead

About time that Bush just cuts it as the retoric is starting to get rather boring.

posted on Mar, 23 2008 @ 02:30 PM
Yes! America will tell the world who the bad guys are. Isn't it obvious that if you are not for them, you are against them?

I wish I could dictate to everyone else like America can.

posted on Mar, 23 2008 @ 02:33 PM
Could that be because Iran is selling it's oil in another currency to the dollar ?
I seem to remember that it had threatened to do that.

posted on Mar, 23 2008 @ 02:42 PM
Perhaps this is the reason the US is so pissed at people doing business with Iran:

Tehran in talks over Dubai bourse listing

$90bn holding company could also feature on Frankfurt and Asian bourses to widen investor pool.

Tehran is planning to list shares in a $90bn energy holding company on the Dubai International Financial Exchange (DIFX) in a bid to attract international investment to its struggling hydrocarbons sector.

It is also considering a European listing in Frankfurt and a listing in Singapore, Hong Kong or Shanghai, to gain exposure to Asian investors.

Sources in Iran tell MEED that discussions are in progress between the Iranian Privatisation Organisation (IPO) and DIFX about preparing the initial groundwork for the listing.

If successful, it will be one of the most significant stock market listings by any firm in the region and would also bring much-needed liquidity to the DIFX, which has struggled to attract listings and investor interest.

However, it is also likely to be met by trenchant opposition from Washington, which has been clamping down on trade links between Iran and the Gulf states.

The US Treasury department recently toured several key Gulf states, including the UAE, to persuade firms to cut financial dealings with Iran (see Agenda pages 22-23). It says any deal between Tehran and the UAE would be out of its jurisdiction, unless it involves a US firm.

"Our sanctions apply to American firms and American citizens, who are forbidden from engaging in business transactions," says a US Treasury spokesman. "If there is a foreign firm in another country, then needless to say we do not have jurisdiction over it."

However, DIFX is owned by Borse Dubai, which is in the middle of a wide-ranging deal with the US' Nasdaq. This will involve the US stock market operator taking a stake in the Dubai exchange to create Nasdaq DIFX.

MEED first revealed last month that Tehran was seeking to target foreign investment in its energy sector by creating an umbrella group of nearly 50 state-run firms and listing shares in the holding company on several international stock exchanges (MEED 8:2:08).

The Bourse is cutting into the Petrodollars and US Bankers are upset...but they really can't do much because they need money from Dubai!!!

This was probably one of the Major reasons for Cheney's visit to the ME last week.

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