Cancel the Permit for Iran's Export Bank!
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Beirut - Arabic Jerusalem: In a remarkable step that coincided with the arrival of Iranian Assistant Foreign Minister Said Khatibzadeh in Beirut, Thursday, the Bank of Lebanon cancelled the local licence of Iran ' s Export Bank, one of Iran ' s largest banks, at a time when the United States was intensifying its pressure on countries to cut off their trade relations with Tehran.
Lebanon's central bank has revoked the local operating license of Iran's Saderat Bank, a move that comes as the United States steps up pressure to isolate Iran's economy and limit countries' trade relations with Tehran.
Previously, the US Treasury Secretary, in a meeting with Lebanese government officials, had requested cooperation to close the Iranian Export Bank and revoke its license.
The Bank of Lebanon cancelled its domestic licensing of Iran's export bank, one of Iran's largest banks, in the midst of escalating American pressure on countries and financial institutions to cut off their relations with Tehran, and Beirut's endeavours to protect its banking sector and enhance its compliance with international standards. In an interview with Bloomberg, the Governor of the Bank of Lebanon, Karim Saeed, said that the decision was…
Bloomberg: Bank of Lebanon cancels Iran's export bank license.
According to the Bloomberg Agency, the Bank of Lebanon cancelled the licence of Iran ' s export bank.
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