Business And Markets
0

Swiss Payment Mechanism Does Not Impress

Swiss Payment Mechanism Does Not Impress Swiss Payment Mechanism Does Not Impress

Tehran seems unimpressed and also pessimistic over the newly-created Swiss payment channel aimed at delivering humanitarian goods to Iran.
First Vice President Es'haq Jahangiri on Tuesday said that the measure is more like a promotional item. "Issuing permission to send only $2 million worth of medicine shows that they have no idea about our economy. We have already paid for and imported more than $3 billion worth of medicine since the beginning of this fiscal year (ends in March)," ISNA quoted him as saying. 
He rejected claims by the US administration over exemption of food and medicine from the list of sanctions. "We have billion dollars in other countries (but) the US does not authorize transactions when we want to use the money for importing food and medicine."

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com