Friday, January 20, 2006

Al-Jazeera: "Iran starts transferring foreign assets"

Having your foreign assets frozen can take all the fun out of having nuclear weapons:
The governor of Iran's central bank has confirmed that the country has started to transfer assets held in foreign accounts.

Ebrahim Sheibani told the ISNA students' news agency on Friday: "We transfer foreign reserves to wherever we see as expedient. On this issue, we have started transferring. We are doing that . . . "

Sheibani told reporters earlier this week that Iran stood ready to repatriate the money it held abroad should this prove necessary.

Iran, which could face UN economic sanctions over its atomic programme, has bitter memories of its US assets being frozen shortly after the 1979 Islamic revolution.

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