Citing World Bank figures on a huge GDP fall 2017-20, Gholam-Hossein Shafei has said the government needs to revise policies to stimulate competition and encourage investment.
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More Iranian Banks Were Cut off from SWIFT
The Swift executive director announced that several Iranian banks were cut off from the international money-transfer system.
According to Reuters, on Friday, November 9, Gottfried Leibbrandt said that on Saturday and Sunday, access of several Iranian banks to the SWIFT system will be blocked.
Steven Mnuchin, the secretary of Treasury had previously stated on his Twitter page that he expects SWIFT to stop providing services to the Central Bank of Iran and other sanctioned financial institutions.
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Despite spending tens of billions of dollars in Syria and Iraq to build influence, the Islamic Repubic of Iran has not been able to reap substantial economic benefits.
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