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Iran bank assets withdrawn â€Ž

27 August 2010 15:44 (UTC +04:00)

Baku - APA-Economics. Iran’s central bank chief said on Friday that Teheran has withdrawn the assets held by its banks in Europe to escape the latest round of international economic sanctions over its nuclear drive, Straits Times reported.

’The Central bank has transferred the (Iranian) banks’ assets from Europe. Currently there is no problem in regards to blocking of assets of the Iranian banks by the European Union,’ Mahmoud Bahmani was quoted as telling the Fars news agency.

He did not say how much money was involved, what its destination was or when the transfers took place.

’We will address the needs of our people during sanctions, since the Central Bank predicted the situation six months ago,’ he added.

On June 9, the UN Security Council hit Iran with a fourth set of sanctions over its nuclear programme. The United States and European Union have since imposed even tougher punitive measures of their own.

Leading Iranian banks have been specifically targeted by the international community, with the United States sanctioning Mellat, Melli, Saderat and Export Development Bank of Iran, accusing them of financing weapons proliferation