Iran denies moving funds from Europe
22-Jun-2008 (one comment)

TEHRAN, June 22 (Reuters) - Iran's economy minister played down on Sunday reports Tehran was withdrawing assets from Europe in the face of tightening sanctions over its nuclear programme.  Hossein Samsami, acting economy minister, also said the sanctions were not having a major impact on the economy of the world's fourth-largest oil exporter.  Asked whether it was true that Iran was moving money from European banks, he told state radio, without giving details: "No, it is as yet not serious."  An Iranian weekly this month said Iran had withdrawn $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over its disputed atomic plans.  The Shahrvand-e Emrooz weekly quoted Mohsen Talai, deputy foreign minister in charge of economic affairs, as saying that a part of Iran's assets in European banks had been converted to gold and shares and another part transferred to Asian banks.

News Goffer

Kodoom pool? Kodoom sanctions?

by News Goffer on

This guy denies earlier reports about moving the money out of Europe, but he also denies that the sanctions have had any impact on Iran's economy.