Iranian Banks To Be Banned From SWIFT, The World's Hub For Financial Transactions

Global Banking Hub Preps Eviction Of Iran Banks -- CBS/AP

BRUSSELS - The European Union is preparing regulations that will shut out Iran's banks from a major financial clearinghouse used by virtually every country in the world, a senior official said Thursday.

The official, who spoke on condition of anonymity because of European Union rules, said the regulations are currently being worked on, but should be adopted "rather quickly."

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More News On Iran Being Evicted From SWIFT

EU readies plans to push Iranian banks from SWIFT -- Reuters
EU prepares to evict Iran's banks from banking hub -- AP
SWIFT to cut ties with Iran as of this summer -- BBC
A primer on Belgian company key to Iran sanctions -- AP
Why SWIF

EU readies plans to push Iranian banks from SWIFT -- Reuters
EU prepares to evict Iran's banks from banking hub -- AP
SWIFT to cut ties with Iran as of this summer -- BBC
A primer on Belgian company key to Iran sanctions -- AP
Why SWIFT is integral to sanctions against Iran -- First Post
A SWIFT Iranian knockout blow -- Avi Jorisch, Special to CNN

My Comment: There is no getting around this, this is going to hurt Iran big time.

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