It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
Swift, the body that handles global banking transactions, says it will cut Iran's banks out of the system on Saturday to enforce sanctions.
The move will isolate Iran financially by making it almost impossible for money to flow in and out of the country via official banking channels.
It will hit its oil industry, but may also have a heavy impact on Iranians who live abroad and send money home.
The move follows EU sanctions against Iran over its nuclear programme.
The US and its allies accuse Iran of trying to develop nuclear weapons - a charge it denies.
Iran last week agreed
Originally posted by THE_PROFESSIONAL
Do Iranian banks offer Islamic USURY free (no interest) banking? If so that would be a major problem for the IMF as this type of bank does not cause its people to go into debt and lead into oppression. The Rotshchild owned banks want to charge USURY to enslave people. It is their prime motive.